Vinnova decided to support a 10MD project with a budget of 2.6 million SEK to increase production capacity of TeXray.
The strategic Vinnova initiative Material Based Competitiveness was established to strengthen Swedish growth companies with the aim of improving material manufacturing. Vinnova has decided to grant an application from 10MD and its partners within the plastic and textile industry. The purpose is to increase production capacity to meet market demands for TeXray, a 10MD patented radiation protection material. The project has a total budget of 2.6 million SEK.
“I am delighted that Vinnova has chosen to financially support our project. This will have a significant contribution to our business. This also shows the strength of our current value chain and Vinnova's continued confidence in our company, products and business model”, says Fredrik Gellerstedt, CEO of 10MD.
Vinnova is the Swedish governmental agency for innovation systems with the mission to boost sustainable growth. This is primarily executed by funding innovation and research related projects.
10MD has developed a revolutionary material - TeXray - to address the need for comfortable and hygienic radiation protection garments by healthcare staff. TeXray is patented and constitutes of a woven and breathable textile with attenuating capacity and protects the user from harmful radiation. The first product was recently clinically validated by customers at Sahlgrenska University Hospital and Halland Regional Hospital in Sweden.
* TeXray is a trademark of Ten Medical Design AB.