2870809576

SustainableBuildings crowdfunding campaign successful and extended

349 days ago

Share on

SustainableBuildings, a brand new startup and spinoff of the University of Groningen, recently launched a crowdfunding campaign to further develop their cloud based software. The campaign turned out to be a huge success for the promising startup, so much in fact, that they’ve decided to add another 10 days and an extra 50.000 euros to their funding goal.

 

The Sustainable Buildings initiative’s main goal is to make office buildings more energy efficient and therefore sustainable. To do that, they provide a cloud-based software solution relying on advanced sensing technology. Their first prototypes are already working in the Bernouilliborg building at the Zernike campus, where energy consumption is reduced by controlling the lighting, PCs and other appliances.

Moreover, they provide advanced monitoring and displaying solution that helps facility managers with energy optimization, as well as helping building users to become aware of their energy consumption, get more personalization in their working environment, and contribute to energy saving because of that.

As Faris Nizamic, one of the two founders explains on the campaign page: “A lot of people asked us if they will have more time to invest, and since according to our financial projections we need more funding in total, we decided to give everyone another opportunity to join via this campaign.” In exchange, the company offers 3% equity for people deciding to invest and help reach SustainableBuildings reach their new goal.

University spinoff

Office buildings on average make up for 40% of energy consumption in Europe alone. Founders and postdoctoral candidates Faris Nizamic and TuanAnh Nguyen got the idea for their software system by looking at the energy consumption of their own university office building.

The two developed a cloud based system that monitors appliances and amenities using a high percentage of energy, and shows the results and total consumption on smartphones and tablets. Essentially, just by raising that kind of awareness and easy management, energy consumption can be lowered by as much as 15% to 35%. Considering the total amount of consumption in Europa alone, that is is significant improvement.  

Awards

With the help and support of the University of Groningen, SustainableBuildings is starting to look more and more like a full fledged company. They’ve also won a number of important startup awards in the process, like the Green Mind Award in 2012 and 2014, the Pioneers Festival Community Award, as well as the Startup Fast Track of the Europe Energy Academy in 2015.

The startup currently consists of a multicultural team of ten people, working on further developing the cloud based system on a parttime basis. The company is also currently working with the University, as well as the Groningen Municipal Government to help make several office buildings more energy friendly. The municipal government recently expressed the desire to make over 250 buildings completely energy neutral, so it looks as though SustainableBuildings will have plenty to do in the near future.

Overfunding

The startup already already accomplished their initial crowdfunding goal of €100.000 this past Monday, and is currently talking to other investors with the help of the Investment and Development Agency for the Northern Netherlands (NOM). The extra €50.000, along with the original amount and the funding from other investors, will be used to further develop an Environment Monitoring service, Manual Control service and Automated Control service for buildings.

Check out the crowdfunding campaign page: https://www.symbid.com/ideas/7652-sustainable-buildings


349 days ago

Share on