New environmentally friendly technology

Funzionano is a spin-off from SINTEF, one of Europe’s Largest independent research organizations. The company has offices in the research park at Herøya in Porsgrunn, with a total of 7 employees. Funzionano AS was established in 2015 and is owned by Sintef Venture, Skagerak Maturo, Investinor and its employees. Morten Eikenes is the CEO of Fuzionano.

International growth potential

Funzionano develops and delivers new and sustainable flame retardant technology for plasticized PVC. The tech-company is excited to work in a close cooperation with Kongsberg Innovation to bring their technology out in the international market. Kongsberg Innovation got to know Funzionano during their participance in KongsbergHOW this autumn. The relationship developed and in January, Funzionano were connected to PoliHUB’s network, which is Kongsberg Innovation’s international cooperation partner in Milan, Italy. This resulted in meetings with potential customers and partners abroad.

 

– We have developed our technology over several phases and is now ready to promote our sustainable solution internationally, Says Morten Eikenes, CEO of Funzionano. – It is of great value to us to be a part of Kongsberg Innovation and their network and we are grateful for the opportunities we have been given so far, concludes Eikenes.

A solution with several use cases

Funzionano’s technology is based on polysiloxane cores with a specific property where the cores are given new properties through chemical processes. I this way, the new molecules can change and improve other materials and make them more environmentally friendly. Funzionano have several references to applications and projects, including a collaboration with Jotun, where the technology was used in Drygolin Extreme to reduce the use of solvent and improve the paint and its properties.

Receives pre-seed funding and resources for further technology development

Funzionano is an exiting company with great international growth potential within sustainable technology. Kongsberg Innovation will therefore invest in the company with a combination of pre-seed funding and other resources. A contribution that will support further development of the company. Funzionano is now part of Kongsberg Innovation’s investment portfolio.

Read more about investments and funding here.

– Funzionano is a unique technology company and their competence has developed over several years, says Einar Eilertsen, Director – Investments and Incubation at Kongsberg Innovation. – Kongsberg Innovation are looking forward to further cooperation with this exciting growth company, Eilertsen highlights.

KongsbergHOW: Kicks-off new round

Kongsberg Innovation are today kicking off a new round of KongsbergHOW.

KongsbergHOW is a program where ambitious tech-startups are given the opportunity to meet and learn from industry leaders. The program focuses on challenging strategic decisions and participating startups will get valuable insights and know-how from industry experts and former entrepreneurs.

Tore Halvorsen – former VP of TechnipFMC’s subsea division, Kjerstin Kleyne Braaten – 21 years’ experience within maritime and oil/gas, John A. Johansen – former director of technology and innovation at Precision Subsea and Jan Erik Korssjøen – former CEO of Kongsberg Gruppen are contributing as industry leaders in this round.

Participating startups – KongsbergHOW 2019

There has been great interest and many applicants for our program this year. After careful consideration of all candidates, we are welcoming these exciting companies:

BEBA – Develops stable lithium-sulfur battery with the use of graphene oxide.

Deep River – Research and development of efficient power plants to produce electricity from rivers, waterfalls and ocean currents.

Dimeq – Develops digital HSE tools that improve safety of maritime vessels and installations.

Funzionano – Develops ad delivers functional nanotechnology-based hybrid polymers.

N2 Applied – Develops a plasma reactor to produce nitrogen fertilizer on farms.

Subsea1 – Develops wiki and e-learning for subsea technology and products on their network portal.

VesselMan – Develops a project management tool for the offshore and maritime industry.

Wavefoil – Develops retractable bow foils for reduced movement and more comfortable seaside experiences.

About KongsbergHOW

KongsbergHOW helps tech-startups to gain valuable knowledge that provides increased company value and insight into proven business methodology. The program runs over 3 months and tech-startups interested, will have to apply for participation. Only 8 companies are selected for each program round. Participating companies pay a program fee. Read more here!