Delft-based IMSystems bags €9M from EIC to commercialise its Archimedes Drive

Picture credit: IMSystems

Delft-based IMSystems, a deep-tech firm, introduced on Friday, September 14, that it has obtained an funding of €9M from the European Innovation Council (EIC). The funds will permit IMS Methods to commercialise its Archimedes Drive in an try to strengthen the place of Europe within the automation sector. 

Archimedes Drive is a brand new, extremely exact velocity reducer know-how that’s basic to creating extra correct robotic applied sciences.

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The European Fee chosen progressive deep-tech startups after this 12 months’s second EIC Accelerator cut-off in June. The businesses have been chosen in a extremely aggressive course of, which could be categorised because the flagship of European investments. 

EIC jurors interviewed 232 firms out of greater than 1000 purposes, with a jury panel consisting of industry-leading specialists, buyers, and entrepreneurs all through Europe. 

The EIC says they completely study and consider every proposal offered by SMEs.

The European Innovation Council (EIC) was established beneath the EU Horizon Europe programme. It has a price range of €10.1B to assist game-changing improvements all through the lifecycle from early-stage analysis to proof of idea, know-how switch, and the financing and scale-up of startups and SMEs.

IMSystems: What it’s essential know

Based by Jack Schorsch in 2016, Revolutionary Mechatronic Methods (IMSystems) develops, produces, and markets the patented Archimedes Drive.

In contrast to gear tooth, IMSystems’ Archimedes Drive makes use of tractive contact to transmit torque. In consequence, it will increase robots’ manufacturing throughput whereas lowering power consumption. 

The corporate claims that Archimedes Drive is on the market in ratios as much as 10,000:1 – nearly 100 instances its nearest competitors. As well as, the Dutch firm says it delivers excessive torque in a fraction of the amount of different velocity reducer applied sciences and does it with precision approaching 1 arc-second.

“We’re very happy with this announcement of EIC,” says Schorsch who can be the inventor of the Archimedes Drive. “With this fund, the European Innovation Council recognises the significance of investing in robotic applied sciences, important for the rising demand for top precision industrial automation.”