The funding will boost innovation and accelerate R&D for this startup dedicated to the development of sensors for food monitoring, from the High Technology Incubator for Sustainable Agri-Food, AgrotecUV, located in the Science Park of the University of Valencia
Oscillum, a startup from Elche that develops sensors for product monitoring, has obtained funding of 1.5 million euros in the "Seal of Excellence" line of aid from the Center for Technological Development and Innovation (CDTI) to boost its innovation. The company is part of the High Technology Incubator of Sustainable Food, AgrotecUV, of the University of Valencia, located in the Science Park of the academic institution.
This financial backing will allow Oscillum, incorporated in 2019, to accelerate its research and development, as well as strengthen its position in the market as a biotech company aimed at improving sustainability and efficiency through its innovative product monitoring technology through smart labeling.
The financial backing will also provide this young company from Elche with the opportunity to expand its team, as well as to advance in the certification and production of the technology at industrial level, crucial aspects for the startup. "AgrotecUV's acceleration has allowed us to continue advancing technically through direct collaboration with the university. Likewise, thanks to the Business Intelligence team we have been able to continue advancing in the business strategy and the entry into new markets and sectors," says Luis Chimeno, co-founder of the company.
"AgrotecUV's acceleration has allowed us to continue advancing technically through direct collaboration with the university. Likewise, thanks to the Business Intelligence team, we have been able to continue advancing in business strategy and entering new markets and sectors", Luis Chimeno, co-founder of the company
Metabolomics at the service of food utilization
Focused on metabolomics, the study of the footprints of cellular processes, the company's activity is framed in the production of sensors that report the status of a product in real time, which they can offer at a very low cost, and work with the product packaging once opened, as well as contribute to reducing food waste. "Most contamination occurs in the home. But even so, the industry wants to be able to control the entire production chain, because recalling a contaminated batch, as sometimes happens, means a cost for a brand," Chimeno describes.
On the future horizon, Oscillum intends to explore Latin American countries with food safety problems. "Our product has a very positive impact by being able to commercialize our technology in countries with few resources and improve the food chain," says the company's co-founder.