Investment & Fund Management

TecSense, an Austrian company specializing in sensor systems for measuring oxygen concentration, faced significant challenges in bringing their innovative technology to market. Their unique opto-chemical oxygen detection system, which can be integrated into food packaging to monitor oxygen levels and prevent spoilage, required substantial investment for research and development to transition from prototype to production-ready status.

To address these challenges, TecSense leveraged two EU grants during their initial research and product development phase, which were crucial in advancing their technology. In 2016, they secured an EU-guaranteed loan through aws, backed by the European Investment Fund (EIF). This financial support was instrumental in scaling their production capabilities and enhancing their services specifically for the food packaging industry.

As a result of this tailored financial solution, TecSense was able to significantly boost their production volumes and position themselves as a leader in the opto-chemical sensor market. The company is now focused on expanding their technology to measure CO2 and pH levels in liquids, emphasizing the importance of continuous innovation to maintain their competitive edge in the industry.