700387SensorHut Ltd - Proof of market for a new chemical sensor technologyClosedGRD Proof of MarketInnovate UKThe global market for chemical sensors is projected to reach US$26.4 billion by 2018, primarily driven by continuous technology developments, product innovations and expanding application areas. At SensorHut we are developing a new gas sensing approach based on a nano-structured optical element that adsorbs chemical substances so that they can be optically analysed to determine their chemical composition. The advantages are higher sensitivity and miniaturization and lower cost than conventional instruments based on absorption spectroscopy. This technology can be applied to a large number of industries and gases, and therefore we need to narrow down initial focus to some high value markets where the key advantages of this sensing principle are most needed. This is a platform technology and with TSB Proof of Market Funding we are identifying high value markets, where the key advantages of our sensing principle are most needed. These markets will be our initial focus for device development and sales.