Based in Lugano, Skypull is a spin-off of the Federal Institute of Technology (ETH) in Zurich. Its wind power system consists of a drone, a tether and a ground generator. The drone turns its motor off at an altitude of 200 metres and starts to glide like a kite, continuing to climb as it unrolls its tether, which is attached to the on-ground generator. This then transforms the kinetic energy into electricity. The system can generate 95 per cent more energy than a conventional wind turbine, explains Venture Kick.
Venture Kick supports startups from initial idea to founding a company. The Venture Kick Foundation has mandated the startup institute IFJ, which has offices in Schlieren, St.Gallen and Lausanne, to carry out the initiative. Skypull is one of the winners of the last session of 2017 and has received 130,000 Swiss francs.
“Venture Kick is both a very challenging and very rewarding journey that makes you stronger and better equipped for the real world,” said Nicola Mona, executive officer of Skypull. “The 11-month long journey from Stage 1 to Stage 3 has been a steep learning curve. Looking back today at where we started makes us realize on how much solidity, drive, credibility and confidence we acquired.”
The company intends to use the funds to expand its business activities.