Odense, Denmark, May 2019. The biggest event for direct investment in Odense, home to the world-famous Danish robotics cluster, Odense Investor Summit, will take place on the 26th of June. The event offers a unique opportunity to see the most promising and exciting technologies in the fields of robotics, drones and health tech plus access to relevant network among fellow investors and investor networks.
With the prospect of an estimated growth of 2-300 percent before 2025, the Danish robotics cluster has a unique appeal to international investors. The cluster generated a turnover of € 763 million in 2017 – an increase of 32% since 2015, equivalent of EUR 238 thousand on average per employee. The ripple effect of the cluster is known globally. Since 2015, more than € 750 million is invested in the Odense-based robotics companies. 98% came from private investors, among others American Teradyne, who paid up to € 540 million for two rather young companies.
Odense Investor Summit on June 26 is a platform, where capital-seeking companies from one of Europe´s most dynamic robotics clusters; Odense Robotics.meet investors, who represent ‘smart money’ and risk capital. More than 20 international and Danish Start-ups & SMEs within the areas of robotics, drones, and health-tech participate and meet more than 120 investors that are eager to invest in the areas of robotics, drones, and health-tech.
At the Investor Summit in Odense, which, besides the robot fairytale, is the home town of the Danish writer Hans Christian Andersen, one can also meet key persons, behind the creation of the successful European hot spot for robotics and automation. The area’s explosive growth rate is closely connected to the unique ecosystem well-known for its strong collaboration between the companies, research & education and the public, which accelerates the growth of many companies in a relatively small area. A total of 98% of companies in Odense Robotics say collaboration is their most important strategic focus area, and 78% of companies collaborate with other cluster companies.
The Danish global market leaders in robotics arms, service robots and end-of-arm-tooling, for example, Universal Robots, Mobile Industrial Robots, OnRobot, Blue Ocean Robotics, Cabinplant, and Jorgensen Engineering are all based in Odense.
Denmark’s robotics industry is world-leading
Today, Denmark’s robotics industry employs 8,500 people and generates EUR 2.4 billion in turnover. In 2025, turnover is estimated to grow to EUR 7 billion and the number of employees can reach 25,000 – a three-fold increase in just six years. The numbers come from the first-ever analysis of Denmark’s robot and automation industry and its contribution to the country’s economy., just revealed in a new report published by Damvad Analytics.
“The Danish robotics industry is a global market leader today in the development and production of robotics technology. The recent report confirms that Denmark has developed a solid foundation for realizing the growth potential of this fast-growing industry, where investors should keep an eye on as it is becoming very attractive for investments being both seed-money and venture capital,” says Mikkel Christoffersen, business manager of Odense Robotics.
Start-ups at all levels with big opportunities
At the Odense Investor Summit, promising ventures from start-up level to advanced level will present their companies. Meet for example:
- Start-up level: A mobile, voice-controlled cutting robot for the construction industry that increases production capacity in building up to 300 percent by Kobots – Voice Responsive Robotics.
- Venture level: Vision technology of Danish TriVision, that can avoid expensive recalls, significantly improve quality and get better OEE -uptime.
- Advanced level: Blue Ocean Robotics is the first robot venture “factory”, that develops, produces and sells professional service robots in healthcare, construction, agriculture, education, and other global markets.
A healthy fast-growing business environment
The City of Odense represents a healthy fast-growing business environment. In the city, more than 130 companies work within robotics, drones and health tech. Odense Investor Summit is bridging the gap between these growth companies and investors. The number of companies in the cluster reached 129 at the end of 2018 – an increase of more than 50% since 2015.
In 2017, 49% of companies said their financial result was acceptable or satisfactory. This strong top and bottom-line growth show a profitable industry successfully performing in terms of both development and sales. Turnover is set to increase significantly in the coming years. Almost 40% of companies expect a 20%+ increase in turnover in 2018 compared to the previous year, and almost 70% expect a 20%+ increase in turnover for 2019-2021 compared to 2017. The total number of employees in the cluster is more than 3,600. No wonder that the vision of the mayor of Odense is that Odense becomes the world’s leading robotics city.
For further information about Odense Investor Summit, please contact
- Michael Hansen, Investment Manager, Invest in Odense, +45 23 414 007, [email protected]
For further information about Odense Robotics, please contact
- Ulrikke Brandt-Bertelsen, Press Officer, Odense Robotics, +45 51 28 48 64, [email protected]
Read more about three of the ventures that will be present at Odense Investor Summit:
At start-up level: a voice-controlled cutting robot
Kobots – Voice Responsive Robotics presents a mobile, voice-controlled cutting robot for the construction industry that increases production capacity in building with up to 300 percent due to less waiting time while materials are cut effectively and precisely the first time. At the same time, the robot reduces waste and increases safety and work environment. The world’s first voice-controlled flexible cutting system precision cuts most materials from tiles to plaster from the orders given by voice. Due to advanced software, start-up Kobots – Voice Responsive Robotics secures a stable dialogue between the craftsman and the cutting robot – easily, quickly and safely. The entire machine can be set up in 10 minutes and can be stored in two sports bags.
Giving the craftsmen the easy voice responsive access to precision cutting speeds up building processes markedly in small as well as big constructions. At European level, the market for construction alone is € 750 billion. Kobots – Voice Responsive Robotics’s goal is to have a market share of minimum of 5 % in a year.
For further information, please contact Peter Hartvigsen, CEO, Kobots – Voice Responsive Robotics: [email protected] and +45 4080 1212 or see www.kobots.dk.
At venture level: Vision technology improves packaging quality and reduces waste
The food industry can avoid expensive recalls, significantly improve quality and get better OEE -uptime – using the vision technology of Danish TriVision, which has already increased the efficiency of leading Danish food production companies as Arla Foods and Danish Crown. The technology ensures that premium goods are not discarded due to packaging errors.
At established level: A robot venture “factory”
Blue Ocean Robotics develops, produces and sells professional service robots in healthcare, construction, agriculture, education, and other global market verticals. The portfolio of robots includes brands like UVD Robots, a mobile robot to disinfect hospitals and pharmacy industries, Multi Tower Robot, a mobile robot for safe patient handling and rehabilitation, and a handful of other service robots.
All robots in the portfolio are created and commercialized based on reusable technology – and business components enabling the company to launch and scale new robots better, faster and cheaper than others. Each robot brand is set up as a venture company in itself. Blue Ocean Robotics is thus the first of its kind – a Robot Venture Factory.
Useful links and downloads
Read the full story of the development of “The leading robot city in the world” from the Lindø shipyard over the Maersk Institute to the focal point of collaborative robots, backed by other robot and automation companies here.
Read the full program of Odense Investor Summit here.
Download more info from Odense Investor Summit and Odense here.