These are the details for the profile German developer of an online system to track chemicals’ regulatory status is looking for European distribution and license partners.
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A German ICT start-up has developed an online dashboard allowing companies to check the regulatory status of the chemicals they use. The system automatically cross-checks EU watch lists and sends alerts about changes. The start-up is looking for partners to disseminate the software via a distribution service or commercial agency agreement, and for development partners interested in creating new software relying on the back-end system and algorithms through a license agreement.
A digital start-up company based in Berlin has developed an online system to help manufacturers track the status of their chemicals under the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation.
Since 2007 there have been over 1000 chemicals that have either been banned, had their use restricted, or have come under formal review in Europe, and this will more than double by 2018. Most small and medium-sized enterprises do not have the manpower to track the regulatory status of their chemicals every week.
The company’s online dashboard tracks these substances for the SMEs, cross-referencing them against over 30 EU watch lists automatically. When any of the chemicals selected by the SME changes status, they get an automated email notification.
The online system is aimed at manufacturers and importers across the EU, especially SMEs that use chemicals as part of their manufacturing process.
The German company is looking for strategic partners to help disseminate the software on the basis of a distribution services agreement or a commercial agency agreement. Through such partnerships, the German company hopes to reach SMEs in other EU regions that would otherwise be unaware of the online dashboard.
The German start-up is also looking for development partners who would be interested in creating new software products based on a license agreement to use the back-end system. The partner could use the existing algorithms to create software tailored specifically to the SMEs in their region, for example.
Most companies, if they know the status of their chemicals at all, track them using excel sheets. For many SMEs, this is very time consuming and prone to error. The German start-up’s system has developed automated algorithms which automatically check the regulatory status of chemicals selected by the SME through cross-checking against more than 30 EU watch lists daily. Using the system allows SMEs to be alerted about any changes to the regulatory status automatically and frees up resources.
The product is ready and on the market.
Although the concept of this service is straightforward the company has a great deal of proprietary IP in how it has organized and managed the data.
The German company is looking for partners who work with SMEs in the manufacturing sector, especially those using chemicals for manufacturing. Partners could either be strategic partners who help disseminate the software to SMEs in their region on the basis of a distribution service agreement or a commercial agency agreement, or development partners who use the software’s algorithms to further improve the program and help tailor it to the needs of SMEs under a license agreement.
Such partners could be local IT companies that have worked with SMEs from their region in the past and would be willing to disseminate the software to them or to adapt the software to the local market. Alternatively, partners could be local manufacturing SMEs willing to trial the software and offer feedback or disseminate it to other manufacturers.
Partners could be from across the EU and any other countries that fall under REACH regulation.