Sofant Technologies Limited, Edinburgh University tech spinout, has secured £1.54m funding. The investment, drawn down from the €3bn Horizon 2020 SME Instrument programme, will be used to bring Sofant’s mobile battery tech to market. The company’s product is designed to ‘double the life of mobile batteries’.
“We call this a smart antenna because it has been designed to seek out the strongest signal and focus on it, rather than the current model that constantly radiates energy in all directions” says Ahmed El-Rayis, Sofant COO.
“We have been researching and planning this project for 10 years to perfect the design”, he added. “This funding will enable us to take the product to foundry and we’re currently asking for tenders. We’re very excited about this new funding and see it as a real opportunity to impact on the future direction of the global smart phone industry and to create a market-leading company.”
Sofant, incorporated in 2011 after seven years of research, expects to rollout its product in 2018.
Head of the Horizon 2020 SME Instrument programme Dr Bernd Reichert commented on the fundraising:
“We aim to support businesses with their innovation activities with the ultimate objective of the successful introduction of their products to the relevant market”.