The Women TechEU Award has been crucial in supporting the initial stages of expressTEC’s development. Throughout the project, the following key activities and achievements were realized:
- Investment and Resource Acquisition: expressTEC secured vital funding, including €100K from Portugal Ventures and over €65K in pitching awards. These funds were pivotal in advancing our research and development efforts and enhancing our visibility within the biotech industry.
- Business Growth and Strategic Development: The award allowed the CEO to fully dedicate her time to the company, significantly improving our business plan and marketing strategy. This focused effort and the ability to hire specialised consultants refined our go-to-market approach, positioning us more competitively in companion diagnostics.
- Networking and Industry Visibility: Through participation in numerous pitching competitions and international events, such as 4YFN in Barcelona and HLTH Europe, expressTEC substantially increased its visibility among investors and key opinion leaders. This exposure has been instrumental in establishing expressTEC as a key player in companion diagnostics.
- Patent Submissions: To protect our innovative technology, expressTEC has filed patent applications in crucial global markets, including the US, Canada, Brazil, and Japan. These submissions safeguard our intellectual property and strategically position us in markets essential to our product’s success.
- Mentoring and Coaching: Participation in mentoring and coaching programs, especially those provided by the EIC, has significantly enhanced our team’s business, financial, and market analysis skills. This expert guidance has been essential in navigating the complexities of biotech entrepreneurship.
