NEXTMOL - A virtual lab for safe and sustainable chemicals

Informazioni relative al progetto

NEXTMOL

ID dell’accordo di sovvenzione: 101071856

DOI

10.3030/101071856

Progetto chiuso

Data della firma CE 25 Maggio 2022

Data di avvio 1 Giugno 2022

Data di completamento 31 Gennaio 2023

Finanziato da

• European innovation ecosystems

Costo totale

Nessun dato

Contributo UE

€ 75 000,00

Coordinato da

BYTELAB SOLUTIONS SL
Spain

Periodic Reporting for period 1 - NEXTMOL (NEXTMOL - A virtual lab for safe and sustainable chemicals)

Periodo di rendicontazione: 2022-06-01 al 2023-01-31

Sintesi del contesto e degli obiettivi generali del progetto

New chemical compounds are mainly designed and characterized using a traditional trial-and-error experimental approach. Modern-day developments and increased innovation requirements push the chemical industry to find solutions to reduce the time and cost of new chemicals discovery. Bytelab Solutions is developing a software-as-a-service platform that will bring chemical research and development to a new level. The technology combines molecular modelling and artificial intelligence tools for the efficient development of new compounds and significantly shortens the development time of new chemicals in comparison to traditional laboratory approaches. The EU-funded NEXTMOL project has provided support in defining the growth and funding strategy for shifting from organic growth to scalable growth the company, attracting chemical industry customers, approaching investors, and improving gender diversity.

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

The activities performed in the project are the following:
1. Elaboration of business and financial plans, including updated market study; elaborated detailed financials; elaborated HR plan needed to achieve the next level; sized the computational infrastructure needed for growth; identified possible strategic alliances; received mentoring from several advisors.
2. Update of our marketing and sales plan, and started to execute it, including inbound marketing; outbound prospecting; participation in events such as South Summit, Union of Mediterranean Women Business Forum, Chemical Ventures Conference, Barcelona Deep Tech Summit, Chem-Match, Web Summit, SusChem Brokerage Event.
3. Approached investors, having held more than 30 meetings, face-to-face and online, with investors (business angels, venture capital, corporate venture capital) during the project, and participated in 4 relevant events to network with investors (South Summit, Chemical Ventures Conference, Barcelona Deep Tech Summit, Web Summit).
4. Improved gender diversity, having proactively promoted our company among female chemists and computer scientists with the aim of attracting more female talent to the company.
5. Successful participation in the EIC Women Leadership Programme.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

The main result of the project is that the company has increased its market and investment readiness by interacting with its recurrent and new customers, understanding investors, gaining visibility, and defining its growth and funding strategies; and it is currently ready for going to the next stage.