Insplorion is a Chalmers University spin-off where research that started in the 2000’s evolved into the NanoPlasmonic Sensor (NPS) technology, resulting in a filed patent and the founding of the company in 2010. Entrepreneurial drive was added to the strong technology platform early on, with first sales of the NPS technology as research instruments in 2011. The large potential with the sensor platform is in applied areas where we are pursuing a battery sensor and an air-quality sensor, while we continue to establish and evolve the technology via sales of research instruments.
How many staff do you have currently on the team and do you find it difficult to find quality local and international staff?
We have recently recruited to increase the team to 8 employees, with a fairly big international mix. Three of us are non-Swedish natives (from North America, Europe and Asia). Recruitment of both highly skilled and highly motivated personnel can be limiting, but we have so far been successful to attract the right people.
Do any of the staff and or management team hold any shares within the company?
Yes, I have through early investments and an early incentive program, been able to grow my share to almost 2% (almost 133k shares). Our chairman Jan Wahlström has just over 100k shares, and our CTO Elin (co-founder, just above 2% shares). Most of our co-workers have some shares and we believe that the team should have aligned interests with our investors and thus have an incentive program for our team, based on warrants.
During your time at the company, what's been your greatest achievement thus far?
I’ve been involved since the project moved from pure research and became commercial upon entering the Chalmers school of entrepreneurship in 2008. I had a strategic role early on as a board member upon the founding of the company in 2010 and took the CEO role at the end of 2013. I’m most proud of transforming the company to focus on the huge potential with the sensor projects for batteries and air quality, while still keeping the strategic link to the research community through our instrument sales.
What is your medium to long-term goals and have these goals been consistent for some time?
Insplorion exists to accelerate the transition to fossil free energy with new sensor technology, improve city air quality and advance research within health and clean tech. We have supported academic research since the first sales of our research instrument in 2011, developed our battery sensor through interactions with the automotive industry in early 2015 and run our air quality project since the beginning of 2016.
What sets your company apart from those within your industry? Whats your X-factor per say?
Our platform technology allows robust yet sensitive and cost-effective sensor solutions. For batteries, this enables us to be the only sensor that can go inside the battery and measure chemical changes, providing information to the battery management system so that it can run the batteries much more efficiently. Data from the inside of the battery will allow up to 30-40% more energy output on battery pack level. For the air quality sensor, the technology enables sensitive enough measurement of NO2 concentrations, yet cheap enough, so that measurements can be done in every street corner providing a much-needed geographical map of air quality in cities, currently not possible with exiting technologies.
Could you please share with us your favourite memory and or event since you joined the company?
As always, it’s about the people. We bring the company together with the whole team and the board on a yearly basis to develop our strategy. We’ve done this the last few times, at one of our board member’s place at Klädesholmen. The mix of tough strategy work during the daytime, and enjoying the evening in the archipelago and cold salty baths, brings the whole team together, helping to strengthen the company, building the way forward. That’s good stuff!