Perthshire-based LoadFast Systems is a global Engineering and Manufacturing company that develops bespoke solutions to businesses in the construction and processing industries for the efficient handling of materials.
The Business Challenge
LoadFast Systems wanted to develop a technology for the vertical transportation of materials. Existing technologies in the field don’t sufficiently protect the materials being transported, creating significant amounts of dust and damage which can be highly problematic and lead to increased costs. Armed with strong and credible ideas, the team required support to see their initial designs refined into a superior market offering.
John Fuller, President and CEO at LoadFast Systems, met Lorna Watson, Business Engagement Executive for Interface – the knowledge connection for business, at a networking event hosted by Perth and Kinross’ Chamber of Commerce. Interface facilitates collaboration between businesses and academia for the development of business ideas and support of business growth.
Following detailed analysis of LoadFast’s requirements, Interface facilitated a partnership between LoadFast Systems and Glasgow Caledonian. Glasgow Caledonian’s academics have already provided a degree of validation to LoadFast’s pursuits, and together, academics and the team at LoadFast will work to optimise LoadFast’s transportation device.
Interface has also supported LoadFast’s successful application for Innovation Voucher funding from the Scottish Funding Council.
The benefits of Interface facilitated partnerships with Scotland’s academic expertise are clear. As a result of the collaboration, the company has projected £1M additional sales, 2 - 3 additional jobs, and 5 - 10 jobs safeguarded.
In March 2017 Loadfast employed two new members of staff: Loadfast expands the team.
John said: “There are many ways that SME's can get help with their projects but the biggest issue is the time taken to do this when you only have a small team. Having a local, proactive source like Lorna has made the process easy and quick, with a high quality outcome.”
Please note that Interface administers the Innovation Voucher Scheme on behalf of the Scottish Funding Council. All funding applications are reviewed on a case by case basis by the Scottish Funding Council, guidelines can be found here.