ELDICO Scientific wins CHF 150,000 for developing breakthrough technology that transforms the future of crystallography
30.07.2020
July 30, 2020 — ELDICO Scientific wins CHF 150,000 in the Venture Kick Stage 3 final. The engineering startup develops an electron diffractometer that can produce important structural information of solid compounds faster, with better quality, and at a lower cost. The Venture Kick funds will be used to accelerate ELDICO’s product development and sales.
 ELDICO Scientific co-founders Gustavo Santiso-Quinones, Nils Gebhardt, Eric Hovestreydt, and Gunther Steinfeld
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Villigen-based ELDICO Scientific produces and sells electron diffractometers to analyze solid chemical compounds, which enable industrial and scientific researchers to characterize previously unmeasurable nano-crystalline systems. The application of electron diffraction for nano-crystalline substances will open new commercial perspectives to the pharmaceutical, agrochemical, chemical, and advanced materials industries. ELDICO’s patented instruments produce data in hours—compared to the days needed by current microscopes—and examine samples that would otherwise be unmeasurable using existing X-ray diffraction techniques.
In 2018, ELDICO Scientific achieved the proof of concept (ETH Zurich, C-CINA Basel) on scientifically and industrially relevant samples. Recently published results (Angewandte Chemie, International Edition) gained significant attention and were nominated for “Breakthrough of the Year 2018” by SCIENCE. Co-founders Gustavo Santiso-Quinones, Gunther Steinfeld, Eric Hovestreydt, and Nils Gebhardt are looking at a USD 10 billion market. The team has evaluated potential technology and manufacturing partners in Europe in preparation to build their pilot for customer demonstrations and tests later this year.
“Our technology is not trivial to explain to non-scientists, which is a necessary thing to attract investors. The Venture Kick experience, with its manifold feedback, helped us to focus on our mission and shape our messaging. That was very motivating,” says Eric Hovestreydt, CEO of ELDICO Scientific. Nils Gebhardt, CFO, informs that the Venture Kick funds are most welcome: “The funds will be used to accelerate ELDICO’s product development and intensify marketing and sales activities.”
In 2018, ELDICO Scientific achieved the proof of concept (ETH Zurich, C-CINA Basel) on scientifically and industrially relevant samples. Recently published results (Angewandte Chemie, International Edition) gained significant attention and were nominated for “Breakthrough of the Year 2018” by SCIENCE. Co-founders Gustavo Santiso-Quinones, Gunther Steinfeld, Eric Hovestreydt, and Nils Gebhardt are looking at a USD 10 billion market. The team has evaluated potential technology and manufacturing partners in Europe in preparation to build their pilot for customer demonstrations and tests later this year.
“Our technology is not trivial to explain to non-scientists, which is a necessary thing to attract investors. The Venture Kick experience, with its manifold feedback, helped us to focus on our mission and shape our messaging. That was very motivating,” says Eric Hovestreydt, CEO of ELDICO Scientific. Nils Gebhardt, CFO, informs that the Venture Kick funds are most welcome: “The funds will be used to accelerate ELDICO’s product development and intensify marketing and sales activities.”