ThingWave AB is a legitimate Swedish deep-tech company (spin-off from Luleå University of Technology) specializing in Industrial IoT and 'Smart Rock Bolts' for mining safety. External verification confirms high technical innovation and real-world utility in the mining sector, with support from EU grants (EIT RawMaterials) and pilots with major companies like Outokumpu. However, the submission itself was of very poor quality, containing clearly false or exaggerated claims (e.g., audience is 'everyone', 'most people have used my product') and lacking specific data. The score reflects the strong underlying technology and B2B utility, heavily penalized by the lack of accurate traction data and the low quality of the submission.
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Score Breakdown
Project Details
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