Support for Technological Needs
Risk-free R&D: We turn ideas into products; you benefit
The Fanous Innovation Center is the missing link between industry and academia. You simply present your technological needs and industrial challenges to us; we take on the financial risk, invest, and form specialized teams of academic elites to build the Minimum Viable Product (MVP) and deliver it to you ready for commercialization
Current Industry Challenges ✅
High risk of R&D investment without guaranteed final product
Lack of trust and time management concerns among professors, and students’ lack of experience in executing industrial projects
Industry’s preference for purchasing ready-made products rather than engaging in the development process
Fanous Solution‼️
The Fanous Innovation Center steps in as the investor and project manager. We take on the financial risk of R&D, invest in your needs, and manage the development process up to the Minimum Viable Product (MVP) using our elite network (professors and students). You only pay when you have seen and approved the initial functional product
Benefits of This Plan for Companies
Zero Financial Risk in the Development Phase
Until the formation and proven performance of the initial product (MVP), no financial risk will be borne by your company
Professional Project Management
Fanous, as an intermediary and supervisory entity, manages and guarantees the time and quality commitments of the academic teams
Access to Fully Customized Solutions
Instead of adapting your needs to existing market products, you receive a product precisely tailored to your organization’s specific challenges
Priority in Final Ownership and Investment
After the MVP is ready, the client company has full priority in purchasing the product, licensing, or investing in the formed technology core
Fanous, like a sturdy bridge, fills the startup death valley (the gap between academic ideas and industry needs)
Success Stories
Smart Production Line Monitoring System
📌 Problem Statement: One of the country’s major industrial complexes faced challenges with unplanned equipment downtime and a decline in Overall Equipment Effectiveness (OEE). However, due to the high risk of investment in modern R&D areas, they were unwilling to allocate direct budget for designing intelligent systems.
🚀 Fanoos Solution & Action: After the technological need was registered by this complex, Fanoos Center’s Technology Department, by fully accepting financial risk and allocating capital, formed a specialized technology team consisting of elite members from computer engineering and industrial engineering faculties.
✅ Technical & Commercial Achievement: Within a six-month period, this team developed an MVP of an integrated system based on Industrial Internet of Things (IIoT) and machine vision algorithms for real-time anomaly detection. After successfully evaluating the system’s performance in the operational environment, the industrial client—without bearing any initial cost or risk in the R&D process—purchased an exploitation license for the product, and the executing team is now on track to establish a knowledge-based company.
Logistics Supply Chain Management Platform
📌 Problem Statement: A reputable national transportation company needed to reduce its fleet operational costs and required a native system compatible with its existing software infrastructure. Algorithmic complexities and uncertainty about the final output prevented them from outsourcing this project to traditional contractors.
🚀 Fanoos Solution & Action: Fanoos Innovation Center, aiming to address this critical bottleneck, provided the necessary platform to form an interdisciplinary team of software engineering and systems optimization researchers, and covered all costs related to the study phases and prototype development.
✅ Technical & Commercial Achievement: The outcome of this acceleration process was an intelligent platform with real-time routing capabilities, integration with organizational ERP systems, and analytical dashboards. The client company, which had no financial commitment until seeing and validating the MVP, signed a joint investment agreement with the technology team after technical specifications were approved, which led to a significant improvement in the company’s logistics productivity.
