Progress Tech Transfer, the first venture capital fund launched by MITO Technology and aimed at the valorisation of technologies in the field of sustainability, announced a new investment of 350,000 euros in WembraneX, a project created by the National Research Council (CNR), in which it had already invested in 2020.
WembraneX has developed Saftek, a state-of-the-art patented technology designed to drastically reduce biofouling, a phenomenon that compromises the efficiency of water treatment plants. This innovation optimises processes, significantly reduces operating costs and improves performance in complex separations, with applications in the food, beverage, textile, pharmaceutical and chemical industries.
WembraneX was born in 2024 following a €250,000 proof-of-concept funding received by Progress Tech Transfer in 2020. Progress Tech Transfer’s investment strategy aims to help the best researchers to quickly bring new technologies to the market, not only with capital, but also with all the expertise that the MITO Technology team makes available to them.
“We are strongly committed to the development of solutions that respond to the pressing need for efficiency in water treatment and industrial separations,’ says Simone Arizzi, founder and CEO of WembraneX, in a statement. Progress Tech Transfer’s support is crucial to accelerate the market deployment of our innovations’.
“WembraneX’s technology represents a breakthrough in the industry, offering an environmentally friendly and highly efficient solution for multiple industrial applications,” says Andrea Basso, CTO of MITO Technology (pictured). “We are excited about the growth of this company, which started from a proof-of-concept project in 2020 and has developed an innovative, highly scalable technology capable of improving performance in many industrial sectors while promoting sustainability. WembraneX is a clear example of how we apply our investment strategy: starting with an innovative idea and supporting it at every stage of its development’.
With this investment, Progress Tech Transfer strengthens its commitment to supporting technology start-ups that aim to improve critical processes, such as water treatment, by promoting sustainable solutions with a high economic and environmental impact.
MITO Technology recently announced the launch of a second fund, MITO Tech Ventures, dedicated to climate tech and classified as art. 9 under the SFDR. The fund’s investment strategy will aim to make around 25 investments in innovative technologies and projects to accelerate the ecological transition and decarbonisation.
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