Successful cooperation of eMaintenance365 start-up with the EIT RawMaterials industry partner
eMaintenance365 start-up, recognised as one of the TOP most promising tech start-ups in Sweden with global potential, has developed a big data analytics solution that visualizes needs for maintenance based on your real-time data.
The start-up was supported by the EIT RawMaterials Booster funding and introduced to the world’s largest innovation community in the raw materials sector. This cooperation has led to the start-up team landing their first contracted customer from the EIT RawMaterials Community, LKAB, a world-leading producer of highly upgraded iron ore products. As a result, eMaintenance365 successfully validated the system on the market which led to further business agreements with several important customers in the industry, including CargoNet (in Norway and Sweden), VTG (Europe’s largest railway wagon owner) and Hector Rail (independent line haul provider based in Sweden). Now, eMaintenance365 is established on the market continuing with market expansion.
Successful market validation
eMaintenance365 start-up is an innovative academic spin-off company based on the research conducted at the Luleå University of Technology in close collaboration with the industry. Built on the competitive combination of academic and industrial understanding, the ability to connect research with usability, led to a successful launch of the augmented solution e365analytics, securing LKAB as the first customer.
In 2016, the company completed a pre-study financially supported by the EIT RawMaterials Booster. The pre-study was based on research in the fields of maintenance engineering, operation and control system, making the system applicable for railways and other industries. Thanks to the EIT RawMaterials support, the team had the opportunity to develop their product further in close collaboration with LKAB as a testbed. The success in meeting the needs of the mining industry in a proof of concept verified the unique value and secured a continued business relationship with LKAB.
Global market potential
Being well established in the Nordic market, eMaintenance365 is now seeing a growing interest in Australia among other markets. The current goal is to expand to other industries that benefit from augmented decision-making such as mining, steel, energy and paper. Furthermore, there is potential for market adaptation to meet other industries handling large amounts of data, such as the medical industry. eMaintenance365 start-up is now propelling its way from Sweden and on to the global market thanks to the EIT RawMaterials Booster funding.
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