BMPower Wins “Pitch Session for a Billion” at the SPIEF 201909.06.2019, 04:33
BMPower won the national competition for innovative start-ups “Business Priority” at the St. Petersburg International Economic Forum 2019 in the framework of the competition called “Pitch Session for a Billion”
The company is among the 13 most promising projects of the 200 participants selected for the first stage of the competition. According to its organizers, the main criterion for selecting projects was “innovation, product availability, sales experience, potential in the Russian and world markets, high competitive advantages”.
The best projects will receive financial assistance for business development. The total investment fund of the session is 1.2 billion rubles.
According to the pitch-session format, start-ups were given four minutes to present their product and two minutes to the jury questions, among which were representatives of state corporations, major Russian and international companies, as well as representatives of twenty venture and investment funds.
Alexey Ivanenko, founder and director of business development at BMPower, in his pitch told about the unique advantages of the BMPower technology solution and its potential in the context of the unmanned technology market.
‘Evaluating historical experience, we create efficient energy sources that change the market of drones – make its players move from ‘toys’ to the industrial solution. Our technology offers an opportunity for market growth by 25 times’, said Alexey Ivanenko in his speech.
BMPower is a high-tech company who develops and produces hydrogen fuel cell power systems. We are a manufacturer of efficient energy sources for several applications: cargo drones & robots, backup and autonomous stations and mass use portable low power batteries. BMPower technologies are the result of many years of research in the field of developing new types of catalysts and improving the properties of proton-exchange membranes. The company’s development is focused on LTPEM, HTPEM and SOFC. BMPower achieved unique results in the creation of self-humidified membranes, catalysts, membrane-electrode blocks that provides with a fuel cell resource in operation for more than 20,000 hours and stable operation in temperatures of up to -40C.