“Think of our technology as a platform rather than just a single device. Because we see a similar need for our expertise in a completely different field.”
“For example, several US States and Canada have legalized the use and growth of marijuana. There are also strict laws about driving under the influence of the drug. But the current devices in the hands of law-enforcement agencies are woefully inaccurate, leading to many false arrests for being “Drunk Under Influence”. Bloonics has the accurate blood-based detection technology that provides results in real-time, with better reliability than other technology available. California is expected to legalize the recreational use of cannabis in November 2016. The state with the world’s 8th largest economy expects to raise more than US$ 1 billion a year in taxes, assuming the proposals go ahead. By that time, we plan to have THC (Tetrahydrocannabinols) measurement devices in the hands of US law-enforcement agencies.”
From an office in The Strip at HTCE, Patel is hard at work assembling his team and scaling his business. “I have already made the decision to move our business from Canada to Eindhoven. The Dutch government is now offering attractive incentives to high-tech startups. And the total cost of establishing a high-tech business is a fraction of what it costs in London or Silicon Valley. But there were three crucial factors that encouraged me to explore the possibilities in Eindhoven. We need access to relevant expertise, top engineering talent and independent advice. I have not been disappointed. Everything seems to be in place to allow us to scale-up fast.”
Mit Patel can be contacted via email@example.com.