The European Innovation Council (EIC) invests a total of € 9 million in IMSystems to commercialize the Archimedes Drive. IMSystems invented the Archimedes Drive, a new highly precise speed reducer technology which is fundamental to enable the creation of more accurate robotic technologies. With this funding, EIC shows the importance of automation improvement in further strengthening the position of Europe.
“We are very pleased with this announcement of EIC”, says Jack Schorsch, Founder and CEO of IMSystems and inventor of the Archimedes Drive. “With this fund, the European Innovation Council recognizes the importance of investing in robotic technologies, which is vital for the growing demand of high precision industrial automation.”
The European Commission selected innovative deep tech start-ups after this year’s second EIC Accelerator cut-off in June. The companies were selected in a highly competitive process, which can be classified as the flagship of European investments. A total of 232 companies were interviewed by EIC juries out of a total of more than 1000 applications. The jury panel consists of industry leading experts, investors, and entrepreneurs throughout Europe. They thoroughly examine and evaluate each proposal provided by SME’s.
IMSystems will use this funding to further commercialize the Archimedes Drive. This means that the product catalogue will be extended, and furthermore, IMSystems will be able to adapt even quicker to worldwide market needs.
About IMSystems
Innovative Mechatronic Systems B.V. (IMSystems) is a deep-tech company founded in 2016 in Delft, The Netherlands. The Company develops, produces, and markets the patented Archimedes Drive, a new standard in high performance gearbox technology. Instead of inherently imprecise gear teeth, the Archimedes Drive uses tractive contact to transmit torque, resulting in a more efficient and precise movement. With a product that is more accurate, robust, efficient, and scalable than existing technologies, the Archimedes Drive will cause a revolution in the robotics industry.
Contact details
Innovative Mechatronic Systems B.V.
Delftweg 66
2289 BA Rijswijk
The Netherlands
Website: www.imsystems.nl
Contact person: Casper van Eersel
Email: casper.vaneersel@imsystems.nl
Phone: +31 6345 774 10