The award is made up of a capital expenditure grant, allowing the company to purchase additional test equipment for its in-house new product development and testing facilities, and a revenue grant covering 50% of the costs for an agreed sales and marketing project.
Flusso has used the second grant to part-fund its investment in a dedicated CRM (customer relationship management) and marketing automation system, as well as commissioning an external consultancy to strengthen online marketing activity.
“Thanks to the funding, Flusso has been able to expand its product development, engineering and commercial capabilities faster than we had originally planned for,” according to Flusso CEO Andrea De Luca (photo left). “The two grants have come just as we are into a new phase of commercial activity, while continuing to develop our first gas sensing products towards launch.”
The company’s FLS110 flow sensor was exhibited at CES (Consumer Electronics Show) in Las Vegas earlier this month, and it recently appointed seven distributors.
The sensor based on a heated chip that is cooled by flow being sensed – see here for more details
Flusso was co-founded by De Luca and CTO Professor Florin Udrea (photo right) in 2016.