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Following the decision of the entrepreneur to extend his campaign to 2025, this campain is no longer eligible for Tax Shelter 2024 but for Tax Shelter 2025.
FINANCIAL OVERVIEW AND FORECAST
Matteriall's financial roadmap sets ambitious yet achievable targets, focusing on the rapidly expanding CNT market. The company projects revenues of EUR 500.000 in 2025, with a significant increase to over EUR 5 million by 2028, driven by scaling up production and expanding into new markets. This growth plan reflects the company's strategic efforts to penetrate high-demand sectors and leverage its innovative materials.
Strategic partnerships are essential to Matteriall's financial success and its capacity to bring CNT products to market. One major milestone is the company's involvement with the European Space Agency, offering critical support, industry insights, and connections with key space and aerospace players. Matteriall has established strong alliances with prominent companies like ASCO Industries, Airbus Defence & Space and ArianeGroup, which play a crucial role in pilot testing CNT products and enabling early adoption in space, aerospace, and other high-demand sectors. These collaborations ensure Matteriall's technology not only leads in innovation but also meets the stringent requirements of real-world applications.
Another major driver of Matteriall's financial growth will be the upcoming confidential aerospace project, where the company is the only SME in the consortium. Matteriall's role involves providing innovative material solutions for next-generation aircraft, which will directly address the specific needs of prominent aerospace manufacturers. This partnership will also enable on-site testing of Matteriall’s products by these industry leaders on their own components, further strengthening its market penetration efforts in the aerospace sector.
ADDITIONAL FINANCIAL ELEMENTS FOR GROWTH
Throughout the final CNT-based product manufacturing process, Matteriall leverages its advanced know-how in purifying, functionalizing, and dispersing nanomaterials into various polymers and liquids. This expertise allows Matteriall to offer high-value by-products, such as dispersed solutions and functionalized CNTs, which are critical for many R&D roadmaps in industries and research institutions. These products are among the most commercially advanced forms of CNTs available today, positioning Matteriall to introduce its first products to the market by 2025.
By strategically targeting potential customers through the founders' network, Matteriall will rapidly establish sales channels, leading to early revenue increase. The first products to-be-offered will include CNT dispersions and functionalized CNTs, which are key components in numerous high-performance applications. This capability aligns with the company's long-term financial growth, driven by an increasing demand for advanced CNT-based materials.
An overview of the global CNT-based products market reveals significant pricing advantages for Matteriall's technology. For instance, one of the leading life sciences and chemical product suppliers lists 25 mL of CNT dispersion (containing just 5 mg of CNT) for EUR 354. With Matteriall's dispersion technology, the same product can be manufactured at a cost of around EUR 50. This cost reduction is achieved using 5 mg of raw CNTs through Matteriall's dispersion technique, allowing for competitive pricing in the market.
Additionally, functionalized CNTs will be offered as a by-product of Matteriall's primary production process. For example, the same supplier lists 250 mg of single-walled CNT bundles functionalized with carboxylic acid at EUR 950. Matteriall can produce the same quantity and quality of functionalized CNT bundles for approximately EUR 200, utilizing 250 mg of raw CNTs and about 1L of carboxylic acid.
This cost-effective production capability enables Matteriall to offer aqueous solutions and functionalized CNTs at highly competitive prices, expanding its market reach and generating additional revenue streams as by-products of its main product development roadmap. These by-products will be readily available for rapid online purchases through an e-commerce platform to be integrated into Matteriall’s website, www.matteriall.com. Moreover, Matteriall will provide customized functionalization and dispersion solutions tailored to meet specific client requirements, delivering bespoke services to address the unique needs of diverse industries.
The by-products of Matteriall being developed in its manufacturing laboratory.
UPCOMING PROJECTS & FUNDING
Since its foundation in Q4 2021, Matteriall has carefully drafted its R&D and funding roadmap in alignment with key milestones, ensuring the strategic progression of its projects and the efficient allocation of resources to meet its goals. The funding and support provided by ESA, VLAIO, imec, Verhaert, and Flanders Investment and Trade have been instrumental in enabling Matteriall to establish their pilot manufacturing laboratory and initiate experimental studies. Additionally, an upcoming project fund of around EUR 350,000 will partially cover R&D, staff, and operational costs through 2025 and 2026. Matteriall is also in discussions with organizations such ESA and VLAIO for the next phases of their project for a total amount of around EUR 2 million, aiming to secure further financial support to cover ongoing expenses and facilitate the scaling-up of their operations (for the funding frameworks such as; VLAIO Onderzoeksproject, ESA GSTP MAKE Element 2, ESA BASS). Nonetheless, the funding supports to be provided to Matteriall requires the company to contribute between 20-40% of the total project budget, ensuring a shared investment in their development initiatives.
USE OF FUNDS
To achieve its upcoming objectives and ensure the successful development and market implementation of its unique technology, Matteriall requires investment across several critical areas. The raised funds will be allocated to enhance technology, expand production capacity, cover operational costs, and support staff development. This strategic funding approach will position Matteriall for sustained growth and innovation in its niche area;
R&D and Product Development (21%): The funds will be allocated to enhancing and scaling up Matteriall's technology, with a strong emphasis on innovation to ensure the company stays ahead of industry trends. This investment will cover raw materials and consumables such as the acids, polymers, laboratory consumables, surfactants, catalyzers, membranes and gases.
Equipment / Manufacturing Capacity (17%): The manufacturing process of Matteriall consists of numerous steps, which are continuously being enhanced and improved. Therefore, Matteriall is developing customized equipment in some cases if needed and linking up the equipment to each other. In addition, Matteriall is planning to integrate the raw CNT manufacturing process by designing a Chemical Vapor Deposition reactor which consists of components such as pre-heating oven, split furnace, quartz tube, flanges, flow meter. This budget is crucialfor improving the pilot facilities and integrating advanced equipment to boost production capabilities.
Talent Acquisition, Staff Wages and Workforce Expansion (37%): As a hardware company, one of Matteriall's major expenditures is staffing for hands-on experimental studies. To support its growth, Matteriall plans to expand its team by hiring specialized professionals in key areas: one senior technical expert, one engineer or life sciences graduate for experimental work, and one application/business developer. The wages for these positions will be partially funded by project grants, ensuring that the company has the expertise needed for research, production, and business development.
Operational Costs (18%): These costs are to ensure the smooth, day-to-day functioning of Matteriall and are essential for maintaining efficiency as the company scales. The costs are for typically logistics and supply chain management, infrastructure and facility maintenance, IT and communication systems, and, insurance and legal expenses
External Advisors (7%): For the external consultants or experts brought in to provide specialized knowledge, skills, or strategic guidance that the Matteriall may not have in-house in both technical and legal manner. The fees will be for troubleshooting the technical challenges, navigating the complex regulations, IP advisors for securing the protections of Matteriall’s unique technology, while legal counsel handles contract negotiations and legal compliances.
NOTE:The expenditures will be partially covered by subsidies.
CONCLUSION OF THE FINANCIAL STRATEGY
Market implementation efforts for Matteriall will focus on expanding its presence in key industries, such as space, aerospace, automotive, and advanced materials, by leveraging its cutting-edge technologies, particularly in CNTs and nanocomposites. Consequently, to outline the strategies that Matteriall will pursue:
Strategic Partnerships: Collaborating with large space, aerospace, automotive, and industrial manufacturers to integrate Matteriall's products into existing and future projects. Being a European Space Agency startup and the upcoming confidential aerospace project are examples of how these relationships can open doors for broader applications.
Targeted R&D Projects: Customizing solutions based on the specific needs of industries that demand high-performance materials. By offering innovations that address weight reduction, strength, and thermal and electrical conductivity, Matteriall can capture niche but high-value segments.
Certification and Standards Compliance: Obtaining the necessary certifications and meeting international standards in space, aerospace and automotive sectors will enable faster adoption of Matteriall’s products into new applications.
On-site Testing & Validation: Working directly with manufacturers to allow on-site testing of Matteriall’s products will build confidence and increase uptake by industrial players, as seen with the current aerospace consortium project.
Geographical Expansion: Entering new geographic markets through joint ventures or partnerships with local industry players, expanding its reach beyond Belgium and into global markets.
Sustainability Marketing: Highlighting the sustainable aspects of the CNTs to-be-produced from plant-based carbon sources will attract eco-conscious industries and companies looking to reduce their carbon footprint.
By focusing on these efforts, Matteriall can rapidly penetrate and gain a competitive edge in its target markets.
TAX SHELTER
45%
Investments in this company benefit from a 45% personal income tax reduction. Read more…
A remaining amount of €484,500 is available for the Tax Shelter benefit.
Fact sheet
Advised by a professional start-up advisor
Valuation is set by the co-investor or incubator
Co-investor or incubator will be members or observers to the board
At the closing, an incubator, accelerator, or studio will have shares
At the closing, the entrepreneurs have contributed a minimum of €15,000 in cash in exchange for shares
Raised €10,000 during a private phase
At the closing, a professional co-investor will have invested at least €25,000
Prior fundraising in equity or convertible loan with 10 or more investors
Seasoned entrepreneurs
Minimum 2 active entrepreneurs
Valuation set by an organisation specialized in valuations of comparable size
Valuation is less than €1 million or 10x last year’s turnover
