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Case study

RedLux: Measuring success

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Case Study

RedLux develops ultraprecision metrology and automation solutions, with applications in the medical, optics, aerospace and automotive sectors, including noncontact 3D measurement systems.

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Fast Facts

Start date: 2005

Website: www.redlux.net

Market sector: engineering

Location: Southampton

Number of employees: 13

"I'd never run a company before, and SETsquared was an environment where I could ask questions, meet people to help, and network."

"I attended an investor readiness course and went to events, including SETsquared's Investment Showcase. The events help prepare for investo pitching because you have the same sort of conversation again and again, and the practice is good. The course and the events helped me to secure investment."

"I took part in business review panels, where we took a business issue and discussed it with people who had the right sort of experience. It's like a board of directors as and when you need them."

"SETsquared has arranged for us to have student interns. This is a good way to find staff, and the first intern joined us as a full-time employee."

"Large companies have a finance department, a marketing department and so on, but small companies don't you're on your own. Whenever I needed someone in those areas, SETsquared found me a person to help."

Christian Maul, CEO, RedLux

Article tags

SETsquared Support

  • investor readiness
  • investment Showcase
  • business review panels
  • student interns
  • networking

SETsquared have been an invaluable source of information, networking and problem solving. They will find someone to listen and advise, making no issue insurmountable."

Christian Maul, CEO, RedLux

Company Successes

2005: received £110,000 grant

2008: received £20,000 grant

2008: first commercial system sold into orthopaedics market

2010: secured investment from private individual

2010: first commercial system sold into optics market

2012: moved to new premises

2013: doubled number of staff to meet demand

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