Photo: Colourbox

Innovative power supply wins EU award

Tuesday 19 May 15

About EIT

The European Institute of Innovation & Technology is an independent EU body that was set up in 2008 with the objective of promoting innovation and entrepreneurship in Europe. EIT brings leading education institutions, research laboratories, and companies together to create so-called Knowledge and Information Communities (KIC).

Spin-out company from DTU—Nordic Power Converters—has won the EU’s EIT Venture Award for their inventive re-design of the power supply.

Nordic Power Converters’ development of a very small power supply with improved performance and longer service life than traditional power supplies has been honoured with the award EIT Venture Award.

The award was presented in Budapest on 7 May by the independent EU body for innovation and entrepreneurship, the European Institute of Innovation and Technology (EIT).

New innovation paths
In connection with the awards ceremony, Martin Kern, EIT Interim Director, said:

“This year’s EIT prize winners are excellent examples of how you can transform good ideas into new convincing solutions for Europe. The winners have shown us new ways to be innovative.”

With the EIT Venture Award comes a tailor-made course in business development.

Nordic Power Converters is a spin-out company from DTU based on a technological breakthrough in former student Mickey Madsen’s MSc project. Mickey Madsen is now co-founder and CEO of Nordic Power Converters. The breakthrough makes it possible to replace large bulky power supplies with smaller, better and less energy-consuming ones. Initially, the company is focusing on power supplies for LED bulbs. In 2020, nine billion units worldwide are expected to have an integrated power supply.

Earlier this year, Nordic Power Converters was presented with the Danish Industry Foundation’s 2014 Entrepreneur Award after winning the inaugural Danish Tech Challenge hardware competition. Read about their victory.

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