21 - October / 2019

Six projects presented at the NIU Demo Day generate investors’ interest

The NIU Demo Day was held on Monday, October 21st to present entrepreneurial projects to potential investors. In its third edition, it has established itself as an annual reference event. About sixty representatives of banks, venture capital funds, family office and business angels, learned about the four projects developed at the NIU, the Andorra Telecom’s business incubator, and two other external projects.
 
Andorra Telecom’s general director, Jordi Nadal, welcomed the event, and said the NIU contributes to finding financing solutions for the companies involved, but also stressed the Demo Day is an opportunity "to give visibility to certainly interesting projects that are being carried out".

Nadal was "very satisfied" with the response obtained in the three Demo Day editions "which means the NIU occupies a key role in the Andorran entrepreneurship ecosystem. In this sense, he pointed out Andorra Telecom wants the business incubator to respond soon to innovation projects developed by companies and institutions in the country.
 
Miquel Gouarré, manager of the NIU, thinks the Demo Day presentations are only "the visible part" of a process that must continue with the contacts between investors and entrepreneurs and the closing of agreements. Gouarré recalled that financing is essential for entrepreneurs to be able to count on a solid team that contributes to implement and launch their proposal. "For this reason, we have always been clear that a basic element of the NIU should be to present projects to investors”.
 
Participating companies
 
NIU Companies
 
Triondata
Teamstone, SL presents Triondata, a complete technological solution that allows the implementation of Enterprise Data Management. This big data solution, mainly aimed at banks and insurance companies, allows the effective integration and management of data from different platforms within the same organization. Teamstone offers strategic consulting, service delivery and integration support.
 
Kootata
Huanzhou Zhang, a Chinese businessman based at the NIU, offers a tool for small and medium sized online businesses that find difficulties in growing their businesses due to a lack of access to platforms such as Ali express or Joom. The application allows to group the buyers with discounts and other incentives that turn them into prescribers, giving greater notoriety to the e-commerce.
 
ATHL Exercise
Online app that offers personalized physical training programs, developed by a team consisting of a physiologist and a doctor. It has specific programs and is aimed at a very wide audience: amateur athletes or people who do sport for health reasons. The app differs from its competitors by the precise monitoring of the user’s progress, the interaction and the quality of its content.
 
Petracoin
Pioneering technological solution based on blockchain aimed at companies in the solid surface sector: natural stone, quartz agglomerates and porcelain. It facilitates product traceability throughout the value chain. The objective is to certify, guarantee and authenticate the final product. It envisages the creation of the Petracoin blockchain that will provide a specific value unit (a token) and the grouping of producing and manufacturing companies of the product.
 
External companies
 
Vectoor
The Vectoor project offers the unmanned aircraft and experimental aviation sector a solution to the problems arising from the difficulties of controlling aircraft due to the limits of radio connection and the high cost of using satellites. The Andorran company in charge, Aeroworks, S.L., has been working for five years on this system, which is currently being tested.
 
Musiclist
A music app with 3 million users in 190 different countries that suggest songs according to the user’s mood or context. The app, available for iOS and Android allows, from a selfie, through artificial intelligence, to generate a custom music list which is also exportable to a Spotify list.

Text: Andorra Telecom