iQ3Solar LTD has its origins in award winning research conducted at the University of Cyprus. Through funding and support from the Cyprus Seeds program the pre-commercialization efforts (for the project named SOLEX) started in 2020. Specifically, the development of the prototype, filing for patent protection for USA and Europe, and exploring the market opportunities.
In 2022, the team was awarded an extremely competitive (only 6 out of 120 applications) €100.000 pre-seed funding from the Research and Innovation Foundation (RIF) of Cyprus to start the company in order to develop and commercialize the innovative iQ3Solar solution. The RIF project, "Intelligent platform for photovoltaic park operation maintenance" (IQ-THREE),commenced on November 1, 2022 and lasts for 18 months. The company is deep into product development in order to release its first product to the market by the end of 2023.
For more information about iQ3Solar and the IQ-THREE project, please contact us.