Research Triangle Park, N.C. – Aug. 26, 2014 – First Flight Venture Center (FFVC) announced today that one of its resident companies, Strensor Systems, has been accepted into glaTec, the Swiss Federal Laboratories for Materials Science and Technology’s (Empa) start-up incubator.
A resident of FFVC since Spring 2014, Strensor Systems aims to use its elegant, patent-pending technology to provide the most reliable, fastest and most precise quality inspection sensors for automated production lines.
“We are very proud that Strensor Systems has been accepted into such a prestigious program,” said Andy Schwab, First Flight CEO. “Our mission is to help early-stage companies become freestanding and financially viable institutions, and we feel like we’ve helped Strensor’s young, energetic team take a significant step in that direction with this move.”
Strensor had previously operated from both First Flight Venture Center in Durham, N.C. and Zurich, Switzerland. The company maintained its legal seat in Durham but precision engineered and manufactured its core components in Switzerland, the world’s leading country in measurement technology.
As a condition of being accepted to glaTec, Strensor will now move its headquarters to Switzerland. The company will maintain a subsidiary office at FFVC, where it will move from the Resident program to the Friends program.
At glaTec, Strensor’s team will have access to consultations with professors, intellectual property counsel, financing options and recommendations to well connected funding organizations. By operating at glaTec, Strensor will also be eligible for significant grants from the Swiss government and the European Union.
ABOUT FIRST FLIGHT VENTURE CENTER:
First Flight Venture Center (FFVC) is a technology incubator located in the heart of Research Triangle Park. Established in 1991 to serve the initial needs of entrepreneurs and early stage companies, FFVC has over 20 years of experience in producing companies that graduate from the facility as financially viable and freestanding businesses. This success lies in First Flight’s turnkey approach—the ability to enable tenant businesses to reduce both their initial capitalization requirements and their annual operation costs by providing affordable space with flexible leases, shared business services, technology support services, and management guidance and counseling. FFVC offers 20,000 square feet of leasable office and laboratory space for up to 40 emerging technology companies.