June 18 21
Innovation

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PENEDO AMONG THE TEN CHOSEN FOR SMARTX FINANCING

Têxteis Penedo’s Iosoftsleep 4.0 project was one of the ten proposals chosen by SmartX – European Smart Textiles Acelerator, in a funding round exceeding one million euros. With the support now guaranteed, the company led by Xavier Leite intends to develop an intelligent heating blanket, with built-in electronic components, and capable of autonomously controlling the temperature according to the users’ needs.

The company’s goal is to manufacture a blanket that balances thermal insulation, breathability, flexibility and lightness. Iosofsleep 4.0 is one of ten projects – among 27 applications from ten European countries – which SmartX selected as deserving of financing from the European accelerator, which plans to distribute more than one million euros in the next 12 months.

SmartX gathers eight European clusters, two research and development organizations in the field of technologies, and three entities supporting innovation (for initiation, implementation and monitoring of professional projects), and aims to drive innovation in the field of smart textiles, in order to develop European value chains in segments with strong growth potential.

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