RAEng 1851 Enterprise Fellow, 2019
At RAB-Microfluidics we have developed a microfluidic ‘lab-on-a-chip technology’ to enable real-time continuous testing and analysis of lubricating oil in valuable machinery. Our technology enables us to solve the hard-to-reach and hard-to-sense challenges of many businesses across various industries such as maritime, wind, transport and manufacturing.
We improve efficiency, reduce operating expenditure and increase the uptime of valuable heavy rotating machinery.
I am extremely grateful to have been awarded an enterprise fellowship. The award has been of immense value to both myself and RAB-Microfluidics. The fellowship award strongly benefited me as an engineer going into entrepreneurship. It equipped me with the technical and commercial skills required to succeed as a technology entrepreneur, by providing me with bespoke training, access to fellows and mentors with tremendous business experience and insightful industrial knowledge that enabled RAB-Microfluidics to develop an appropriate business model for its target market and emerge closer to commercialising its technology innovation.
During the fellowship, we strengthened the team, began generating revenue from paid pilot trials of the technology in the maritime sector, and closed a £1.24 million seed investment round. We are currently further developing our product and are on course for a full product launch in the maritime sector in the first quarter of 2022.