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Centre for Economic Development, Transport and the Environment has granted Timegate of European Union Structural funds for business development and internationalization in China, Russia and Southern Africa. The aim of the European Regional Development Fund (ERDF) is to increase employment and competitiveness of regions.
We have recognized increasing interest towards our Timegated ® technology in biopharmaceutical and mining industries outside of Finland. This project aims to develop business and strengthen the acquirements needed for entering the global markets in the selected areas as fast and fluent as possible. Internationalization requires planning of actions and export without forgetting to study the needs of potential customers. Project funding also supports Timegate in translation and interpretation of Chinese.
Furthermore, the project supports protecting Timegate´s immaterial rights. Timegated ® technology is unique and the device we have developed is the only commercial one available in the market at the moment. This device contains many inventive steps which are necessary to be patented. This project supports the patent application process for two patents.
The project started in mid-March 2018 and it lasts until the end of February 2019.