Touch technology for the global market

Founders Vegard Wollan and Gaute Myklebust came up with the idea that formed the basis for the sensor chip. The duo from Trøndelag worked closely with former colleagues at the British company TouchNetix, who knew the market well. To benefit from each other's expertise, networks and insights, they joined forces to develop the ultra-sensitive sensor chip.

The technology they have developed makes it possible to use a touchscreen without touching it. The chip's sensitivity enables TouchNetix to offer solutions and functionality that outperform those of its competitors. The chip can be used in industries including automotive, defence, ICT and healthcare. During the ongoing coronavirus pandemic, touchless payment terminals can reduce the risk of infection and deliver significant benefits to society.

'TouchNetix AS was founded by experienced entrepreneurs from the electronics industry. They are market-oriented and place great emphasis on developing new solutions together with their customers. We are confident that the founders will succeed with their venture,' says Hans Fredrik Emdal, financing adviser at our Trøndelag office.

The company has received a range of services from us, including various innovation grants, innovation loans and EU advisory over several rounds, helping it secure significant EU funding.

'We develop products that require significant capital and time. The support programmes available through Innovation Norway are a great fit for us and our innovation process,' says Wollan.

TouchNetix is now industrialising and manufacturing its aXiom chips while developing its next generation of chip products. The technology is attracting strong interest and demand, and the company is focusing on international growth and strengthening its team outside Europe.

Today, the company operates in the US, Europe and Asia, its key markets, with a particular focus on countries with high levels of electronics manufacturing, such as China, Korea, Taiwan and Japan. It primarily targets the automotive industry, and its main customers are companies that develop dashboard solutions for vehicle manufacturers. TouchNetix also has many customers and partners in the industrial segment, which includes manufacturing and automation in the maritime industry, medical equipment and agricultural machinery.

The key step in the company’s international expansion was the merger between the Trondheim-based company and a British company with complementary technology and an established business. This gave the company swift access to relevant international markets.

'Much of the world's electronics manufacturing and many of its product companies are based outside Norway, so it has been essential for us to think internationally from the outset,' Wollan emphasises.