Finland welcomes imagination: An interview with Imgne® Founder and CEO Chris Gilbey
Founded in 2014, Imagine Intelligent Materials or
Imgne has enjoyed commercial success in Australia and recently chose Helsinki to establish their European headquarters. The company is the first in the world to
develop conductive geosynthetic materials using functionalised graphene. Imgne
sensory technologies harness the conductivity of graphene to capture real-time and
measurable data from the very materials things are made from.
The trial of a single piece of Imgne® X3 has enabled
leak detections for an area of over 10,000 square meters at a site in
Queensland, Australia. We interviewed Imgne Founder and CEO, Mr. Chris Gilbey OAM to learn more about what was behind the move Finland and how Imgne is realising
the potential of this revolutionary material, graphene.
1. Congratulations on establishing your
European headquarters for Imagine in Helsinki, we are very interested to know
why you selected Finland?
There is a combination of accident and design in our
decision making.
One my old friends and an early investor in Imagine
(and now a non-executive director) was an executive with Nokia. He now lives in
California but is still very connected to people from Nokia. And when Imagine
was in the process of starting up, I hired several ex-Nokia people to do work
for us - engineering prototypes and branding among other things... I was not
unfamiliar with Nokia and the excellence of the people who worked there and the
way that they collaborate.
There's another thing... Finnish universities have a
reputation for turning out the best signal processing engineers anywhere in the
world. I have a belief that if you want to build a business based on
excellence, you are better off starting with excellence!
On top of that I went to Slush last year and while
there I met people who I just resonated with tremendously, and who, when they
saw what we were doing became so keen for us to come to Finland that I had to
pay attention. One of them in particular, Janne Kari, yet another ex-Nokia guy,
kept asking me to let him set up a roadshow tour to meet potential customers in
Finland. He was very persuasive, and not alone by the way... So I went to
Finland in March and met with heads of R&D and strategy for a number of
Finnish companies and the responses I were amazing. I seemed like we were at
the right time, right place, right opportunity.
In the meantime, back in Australia, in my other role
as Chairman of the Australian Graphene Industry Association, I was having
discussions with the Department of Economic Development in Victoria. On the
back of my experience at Slush I had already initiated discussions to try to
encourage greater engagement between Victoria and Finland in the area of
Advanced Manufacturing. The rationale to me is pretty straightforward. The
Victorian and Finnish economies are very similar in many respects - same
population, same per capita GDP, very similar culture... Of course the seasons
are reversed, and the weather is totally different... But I believe it's often
easier, particularly for early stage companies, to work initially with
strategic partners with similar needs on the way to conquering global markets,
rather than to try to attack them head on.
And there is one more thing.... Finns, I have
discovered, have huge pride and passion about their country, regardless of
where they live. They want to help people like us to succeed. One of our new
hires, also a Finn, also ex-Nokia, who is our new VP of Engineering, said to me
recently, "Finns believe that they lead the world in innovation. So don't
do anything that would cause them to think otherwise. Just work with them to
re-inforce that belief, and it will happen and we will succeed".
How could I not love working in a country with that
attitude!
2. The world renowned start-up and tech
event, Slush, was held in Helsinki late last year. We understand Imagine was in
attendance, could you discuss this experience?
The experience of Slush...
Slush was amazing... I have told a lot of people
about Slush since last December. It is a brilliant event. It's a
"un-conference" for entrepreneurs and VCs - and an eye-opener for
anyone who puts on or attends conferences anywhere. I met some great people,
saw a lot of innovative companies and will be back... and, again, it created
yet another interesting point of reference for doing business in Finland.
3. Tell us why graphene is described as a
so-called 'super material' that will revolutionise every industry in the world?
Graphene is described as a super material by others,
much more worthy and expert than me. Graphene is absolutely a material that can
only be described in superlatives: the world's first two dimensional material,
stronger than steel, harder than diamond, impervious to all gases, the most
electrically and thermally conductive. It is all these things, but... it is
very hard to manufacture at scale, and, therefore, to commercialize.
It is also a material that has potential to be
included into composite materials and lend them these qualities, when only
present in tiny proportions... That is something that is truly exciting.
The area that we focus on at Imagine is graphene's
electrical conductivity. Graphene is extremely sensitive to change and we have
been able to develop ways to create sensing surfaces at large scale that can
monitor and measure water leaks and changes in stress and pressure. These have
application in developing smart buildings, smart roads, smart tailings dams and
numerous other applications. We also strive to do these things more
economically that how it has previously been done.
4. To realise this potential, how is
Imagine identifying solutions being demanded by global supply chains?
This is an extremely interesting question. We
operate at several different levels of the supply chain. So we get introduced
often by people who are interested in helping innovation driven companies -
Invest in Finland has been of incredible value. We also tend to be invited to
participate in start-up/early stage incubators, like Plug and Play. Just
working through these channels has been a game changer for us recently. We have
been introduced to companies in various market verticals, and often to
companies that are in the top 10 in their market vertical, globally. Once we
get the first conversation started, we find out whether there is potential for
engagement.... We keep on learning what the needs in the market are. And so
far, we have found plenty of applications to keep us extremely busy.
5. Imagine has achieved success in
Australia with products that improve safety and increase productivity, but
where to next for the company? What graphene enabled technologies are you
considering for development?
We are still very early in the development of the
company. We are really building a company that is focused on data. Graphene is
a useful and relatively unique way of getting there. We look for places to
operate where large physical scale is the challenge - mining, roads,
construction, automotive…
6. Imagine continues to collaborate with
the CSIRO in Australia, so what research and development goals do you wish to
accomplish with Finland's equivalent VTT?
I can't speak about VTT's objectives... However,
there is brilliant and ground-breaking research going on at VTT, and they are
very commercially focused. We are too, and we have the capacity to contribute
into the mix the ability to deliver graphene, at scale... And we have one
additional attribute that I believe makes us a unique partner for them. That is
that we are able to provide certification of the materials we make. When you
work with new materials I believe having the ability to provide certification
is critical to providing confidence to global supply chains. I am not aware of
any other graphene company being able to do this.
And, by the way, this is one of the things that I
hope we will be able to work with VTT on - developing a capacity in partnership
with VTT - to deliver a broad based certification of graphene materials beyond
Imagine. We have discussions in place with several research institutes globally
on this topic, and it is just starting to be understood by industry.
7. How is Imagine responding to the
challenges and opportunities attributed to the commercialisation of the
graphene industry?
There are a lot of challenges - that is for sure.
And I am not sure that we can really describe what exists currently as an
industry. What I believe is this: Graphene research is taking place in most of
the developed world. But commercialization is lagging. The reason for this is
that a lot of research into graphene and its applications, in my view, takes
place outside of the realities of global supply chains and manufacturing. We
bring to what we do, an industrial / manufacturing focused discipline. We try
to look at everything through the lens of how commercial businesses operate at
scale. Decisions about factory management, supply chains, capex versus opex,
and risk - these are all critical components of commercial activity.
We try to think of what our customers' needs are,
and our customers tend to be Fortune 500 sized businesses. The approach that we
take has to be consistent with their world view if we are going to succeed.
So for us it's about: replicability of materials,
consistency of supply, supply chain logistics, affordability...
It's working pretty well, so far!
Author: Jonathon Fogarty is the Information Officer at the Embassy of Finland.
Photo: Imagine Intelligent Materials©
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