24 May 2019
A few weeks ago I had the honour to present my experiences and the journey of being involved in transferring a research invention into a spin-off venture, and subsequently into an established company. The department of industry and materials science (IMS) at Chalmers University of Technology in Göteborg had a workshop focusing on how to better work with utilization of research results, and I was invited to give an inspirational talk. Preparing for the presentation I was ploughing through old presentations and business plans, and I was struck by the tremendous progress we have made during the past 10 years. At the very beginning, the idea that we presented to the students at Chalmers School of Entrepreneurship was poorly formulated and not very well thought through. When the students had investigated the market potential for the various presented options, we decided to focus Insplorion’s business on research equipment based on our core NPS technology. The instruments were to be used in catalysis research, where we had recently obtained very interesting results that were later published in the prestigious journal Science.
Although we already from the beginning knew that the greatest market potential for NPS most likely was in large-scale sensor applications, it was not until 2014 that the company and technology were mature enough to focus on these applications. By then we had been in contact with several key stakeholders who expressed a large interest in battery and air quality sensors, and after verifying the technology, we felt confident to take this step. Today, we are an expanding company with vivid activities within all our three business areas, and our first sensor, measuring NOx in air, is now entering the commercial phase. It has been a great journey and I’m very happy that I have had the opportunity to take part in it and to work in this dynamic and stimulating environment. It has been a lot of hard work, many ups and downs, but most of all a great experience and a lot of fun.