Venture Kick supports irmos technologies with 150,000 Swiss francs
Irmos technologies wird von Start-up-Förderer Venture Kick mit 150'000 Franken unterstützt. Mit dem Geld kann das Zürcher Jungunternehmen seine intelligente Plattform für Gebäudeüberwachung und prädiktive Bauanalyse weiterentwickeln.
Irmos technologies receives financial support of 150,000 Swiss francs from Venture Kick. The start-up, which emerged from research centres at the Swiss Federal Institute of Technology Zurich, has developed a platform that uses sensors and intelligent algorithms to convert vibrations from traffic, wind, construction work and seismic events, for example, into structural condition data. In this way, the structural integrity of buildings is to be monitored in real time.
According to a Venture Kick media release, greater monitoring of buildings and bridges is needed because 50 per cent of Switzerland’s 1.1 million buildings have exceeded their planned lifespan. Irmos technologies has reportedly already used the platform in several pilot projects, such as the Swiss Confederation’s official guest house, the Bellevue Palace in Bern, and the Glarus Cantonal Hospital. A long-term monitoring project has been agreed with the Federal Roads Office.
The young company plans to invest the Venture Kick funds in expanding its market presence in Switzerland and developing the business plan for its international growth in 2024. In view of the severe damage caused by the earthquake in Turkey in February, with over 30,000 human victims and 10,000 buildings destroyed, irmos says an early warning system is urgently needed in Switzerland. The market volume for its use here is estimated at 100 million Swiss francs annually.
“If our start-up is a sailboat, Venture Kick was literally the wind and the compass for our entrepreneurial journey,” Panagiotis Martakis, managing director of irmos technologies, is quoted as saying in the statement. “In addition to the massive financial support, the coaching kicks and the network of investors and industry experts turned our research idea into a valuable commercial proposition.”