Prototron Autumn was successful – five teams won a total of 62 500 euros!

In the second round of Prototron in 2018 the Expert Committee decided to give out funds worth of 62 500 euros. In addition teams were able to gather additional funds on the Fundwise platform.

In total almost 300 ideas were submitted out of which 5 reached a successful funding.

• Pillirookõrs, which is making straws out of reed is already a brand well-known for a conscious consumer. In addition to a straw they’re now developing a material based on reed to develop alternative single-use plates or cups based on reed. They were supported with 20 000 EUR.
• Vetik is working on a marine algae based natural and healthy red colorant to substitute current unhealthy ones used in the cosmetics industry. They were supported also with 20 000 EUR.
• Decomer Technology received 7500 EUR from Prototron, in order to develop a novel water-soluble packaging material suitable for food and other industries.
• Captain Corrosion is developing handheld corrosion management device and providing corrosion-related consultations. Funding received: 7500 EUR.
• Questcity is developing an VR-augmented professional platform for designing and completing interactive quest-excursions. Funding received: 7500 EUR.

The winners will be awarded with a six-month free incubation space at Tallinn Science Park Tehnopol and legal assistance from Hedman Partners and an opportunity to use the Mektory labs and the premises of the Tallinn University of Technology. Veebimajutus awarded winners with 6 months of free web hosting and e-mail services together with know-how on website development.

For the first time the the winners were consulted by the team of Fundwise – how, when and for what can crowdfunding be used. In addition they had a chance to experience it first hand and collect additional funds.

Prototron fund is put together by Swedbank Estonia, TalTech, Tallinn Science Park Tehnopol and tallinn city. Next round of Prototron opens in January. You can submit your ideas via www.prototron.ee until 15th of March 2019.