RedCAT – critical support from CAD design to world markets
To set the ball rolling, RedCAT helped Thornton-based O-Hx to build a working demonstration unit with pharmaceutical company Quotient Sciences at Alnwick in Northumberland where prospective customers can now see a ‘cold energy’ storage plant actually operating rather than just hearing about a theoretical concept.
This has been a crucial step forward to commercialisation, explains Commercial Director David Grundy.
Setting up demonstrators is a major financial and technical barrier for many innovators. RedCAT overcomes this by providing early grant funding to convert promising prototypes into pilot plants.
This takes place inside a ‘wrap’ of commercialisation support – with embedded technical experts, plus financial and other professional inputs – to move product development forward and, importantly, act as an equity raising catalyst.
The result is well-funded and equipped organisations and companies that can compete in world markets. In the case of O-Hx, a £150,000 grant provided vital capital needed to build early-stage ‘kit’.
