{"id":142796,"date":"2024-10-08T17:07:38","date_gmt":"2024-10-08T15:07:38","guid":{"rendered":"https:\/\/www.startupbusiness.it\/progress-tech-transfer-invests-350k-eur-in-wembranex\/142796\/"},"modified":"2024-10-08T21:47:54","modified_gmt":"2024-10-08T19:47:54","slug":"progress-tech-transfer-invests-350k-eur-in-wembranex","status":"publish","type":"post","link":"https:\/\/www.startupbusiness.it\/en\/progress-tech-transfer-invests-350k-eur-in-wembranex\/142796\/","title":{"rendered":"Progress Tech Transfer invests 350k EUR in WembraneX"},"content":{"rendered":"\n

Progress Tech Transfer,<\/strong> the first venture capital fund launched by MITO Technology and aimed at the valorisation of technologies in the field of sustainability, announced a new investment of 350,000 euros in WembraneX,<\/strong> a project created by the National Research Council (CNR), in which it had already invested in 2020.<\/p>\n\n

WembraneX has developed Saftek, a state-of-the-art patented technology designed to drastically reduce biofouling, a phenomenon that compromises the efficiency of water treatment plants<\/strong>. This innovation optimises processes, significantly reduces operating costs and improves performance in complex separations, with applications in the food, beverage, textile, pharmaceutical and chemical industries. <\/p>\n\n

WembraneX was born in 2024 following a \u20ac250,000 proof-of-concept funding received by Progress Tech Transfer in 2020. Progress<\/strong> Tech Transfer’s investment strategy aims to help <\/em>the best researchers to quickly bring new technologies to the market, not only with capital, but also with all the expertise that the MITO Technology team makes available to them.<\/p>\n\n

“We are strongly committed to the development of solutions that respond to the pressing need for efficiency in water treatment and industrial separations,’ says Simone Arizzi, founder and CEO of WembraneX,<\/strong> in a statement. Progress Tech Transfer’s support is crucial to accelerate the market deployment of our innovations’.<\/p>\n\n

“WembraneX’s technology represents a breakthrough in the industry, offering an environmentally friendly and highly efficient solution for multiple industrial applications,” says Andrea Basso, CTO of MITO Technology (pictured).<\/strong> “We are excited about the growth of this company, which started from a proof-of-concept project in 2020 and has developed an innovative, highly scalable technology capable of improving performance in many industrial sectors while promoting sustainability. WembraneX is a clear example of how we apply our investment strategy: starting with an innovative idea and supporting it at every stage of its development’. <\/p>\n\n

With this investment, Progress Tech Transfer strengthens its commitment to supporting technology start-ups that aim to improve critical processes, such as water treatment, by promoting sustainable solutions with a high economic and environmental impact.<\/p>\n\n

MITO Technology recently announced the launch of a second fund, MITO Tech Ventures<\/a>, dedicated to climate tech and classified as art. 9 under the SFDR.<\/strong> The fund’s investment strategy will aim to make around 25 investments in innovative technologies and projects to accelerate the ecological transition and decarbonisation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mito Technology’s fund renews commitment to support startup that improves water infrastructure efficiency<\/p>\n","protected":false},"author":125,"featured_media":142788,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1317],"tags":[1143,1137,1136,1337],"companies":[],"journalist":[1518],"class_list":["post-142796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding-news","tag-investments","tag-italy-en","tag-startup-en-2","tag-sustainability","journalist-editorial-staff-en"],"featured_sizes_urls":{"thumbnail":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2024\/10\/Andrea-Basso.webp","width":150,"height":100,"crop":false,"srcset":false,"alt":"trattamento 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