IMD-3-1731 © 2006
Leleux, Benoit F
The very first significant external financing had actually come in 2003 from a group of financiers; consisting of an area VC fund; which was brought in by the progress capacity of IRM's technological items; sales did not take off and after a couple of years it was clear that IRM essentially required a brand-new item.
The business refocused its hard work on the development of tunable diode laser spectrometry (TDLS); a laser gas detection innovation with terrific guarantee. By 2006; pressure from financiers to begin producing major profits from TDLS; or at least to sign the very first substantial sales agreement; was enhancing.
Subjects: Technology development; Market positioning; Startup; Entrepreneurship; Growth management; Market entry; OEM; Subcontracting; Infra-red technologies; Spectrometry
Settings: Switzerland; Europe; High Technology Instrumentation; Spectrometers; 8
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