Company fundraises 1.2 mil. EUR

May 17, 2017

Saftra Photonics has become the first Slovak company to win SME Instruments Phase II since the start of EC programme Horizon 2020. Project will advance the existing prototype of NanoScreen chip by validation in certified lab and allow the market entry in 2019. Planned project costs of 1.7 mil. EUR will be covered by 70% with the EC funding. The product has already successfully passed the Phase I feasibility study leading to detailed roadmap and advanced business plan of the Disruptive portable device for pre-screening of Persistent Organic Pollutants –POPs- in food products and water. The Phase II project will enable to implement this plan in following 24 months with non-equity financing.