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.