SwissDeCode awarded 2.5 million Euro grant from EU

Date: 09.06.2020Source: SwissDeCode

Renens (VD) – SwissDeCode, a biotechnology company based in Renens, Switzerland, has been awarded a 2.5 million Euro grant from the EU, to support the development of an automated device that will help food companies detect and react faster to contamination and adulteration, without the need for a laboratory or specialised personnel.

A game-changer for the industry

The device, which will be operated directly by the company’s staff and does not require any laboratory equipment, analyses food samples and aims to provide ISO certified results in just 30 minutes. Currently, many food companies still rely on external labs to analyse their samples, a process which can take up to 7 days, causing delays, recalls and food waste.

Says Brij Sahi, CEO and co-founder of SwissDeCode: “This grant is the result of the team’s commitment on different fronts, during the last several months. We are very happy and proud of what we have accomplished as a team, and we cannot wait to bring our next innovation to the market.”

A highly-competitive program

The EU’s EIC Accelerator supports top-class innovators and high-potential small and medium-sized enterprises to help them develop and bring onto the market new innovative products, services and business models that could drive economic growth.

This was the first cut-off of the new EIC Accelerator ‘Enhanced Pilot’, which received 3969 applications. From these, 181 projects were interviewed and only 72 were successful. SwissDeCode is among the top 2% of all European deep tech start-ups who have applied for this highly competitive program. For more visit swissdecode.com

David Cox / IDM

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