Tell briefly about your product?
Kubo Education has made a relatively simple prototype of a robot. The robot can teach the principles behind coding and programming for school children down to the age of three. The robot is the central element in a learning platform for kindergarten and schools. The robot is able to move in different lanes across marked areas that can be constructed in a large variety of ways. By using this robot, the children learn to co-operate, analyze and find solutions to the problems at hand in a creative manner.
What are the advantages when starting up in Odense/Denmark?
Denmark has the Innovation Fund Denmark which has an entrepreneurial pilot that means you get a monthly grant of 14.472 kr. for up to twelve months. We were selected to be part of that pilot which meant we could work on a startup company and receive a salary at the same time. That has been an advantage by starting up in Denmark.
The advantage of starting a robotics company in Odense has been that we are a part of a big cluster. This means there are many companies, both starting up and well established ones as well, you can work with and that can give you different perspectives on robotics and hardware.
How has it benefitted your startup to be part of Odense Robotics Startup Hub?
Once we became a part of the hub we put up some milestones to achieve and we have received financial support of over 100.000 kr. to reach those milestones. The financial support did not mean that we needed to give up any ownership of our company which would not have been the case if we had gone to an investor instead. Another benefit has been the credit we get from media, business partners and customers because they know that we are part of the hub. The respect you receive is vastly different from when you meet them as a young entrepreneur standing on your own, and you simply spend less time convincing them about your company. The last advantage is in terms of production. Had we not been a part of the hub, my optimistic guess would be that it would have taken us a year to go from our prototype to production. In the hub it only took us four months.
How has it been going from university to real life business? (If that was the case for you)
It was a relief to make the company a reality and not just a project besides university. To work in our own company has been a privilege. We make the decisions and therefore we learn so much. The StartUp Hub was a good transition from the university world to the business world because it opened our eyes to many factors of running a business but we still had time to develop our product.
What does the future look like for your company? Growing, time frame, number of employees, will you stay in DK, etc?
There are some uncertainties when it comes to the future because the market of learning robots is relatively new. There are a few big companies that operate in up to 40 countries, and we would like to challenge them in the future. Short term we would like to have 10-15 employees within two to three years. Our production will likely be in the east in the future but we wish to stay in Odense with our head office.
By Tommy Schou Lund Outzen, CEO