Prototron Finances New Projects
OREANDA-NEWS. April 29, 2014. The Heelosophy team received 11,537 euros for the development of the so-called invisible insoles, which will make wearing high-heeled shoes considerably more comfortable.
“Our production technology allows us to make personalised insoles that consider the shape of the wearer’s foot as well as their walking dynamics. We can make such insoles in just five minutes,” said the team’s representative Seren Eilmann. “Prototron provides financing on the condition that the idea is implemented and the product taken to the market. I hope that Heelosophy is successful and I’m looking forward to the implementation of their technology,” said Tea Varrak, Vice Rector for Innovation and Internationalisation at the Tallinn University of Technology.
60 ideas, mainly from the areas of information and communications technology and electronics, were received during Prototron’s second call for proposals that ended on 15 March. The second amount of financing, 8463 euros, went to the Organic Filter team, whose idea is to develop an algae filter, which manages to reproduce itself.
The proposals received by Prototron were evaluated by an expert panel consisting of Priit Alamae (Nortal), Jaak Raie (Tehnopol), Robert Kitt (Swedbank), Yrjo Ojasaar (EstBAN, Solon Partners), Andrus Oks (SmartCap) and Jaanus Tamm (Defendec).
More than 500 ideas have been submitted in all of Prototron’s calls for proposals. 12 projects have received financing in the total amount of ca. 160,000 euros. Many teams have also launched their products successfully on the market: Shaka’s wind meter for smartphone; Qminder’s portative stand that communicates with smartphones and helps people avoid standing in queues; Flydog’s marine monitoring systems.
In evaluating the submitted ideas and deciding which ones to support, the panel consider the business potential and innovation of the prototypes as well as the competencies of the teams that will put them together. No restrictions have been established on the amount of money that can be applied for and the new call for proposals is opened online at www.prototron.ee.