This academic project has exciting commercial potential, which we will exploit through the spin-out company Emute Lab Instruments. A £266k AHRC grant has underwritten all core R&D, letting MEMLNaut hit higher projected margins and accelerating the route to market. Twenty-five beta units are already in daily use on four continents, including at the landmark Melbourne Electronic Sound Studio, giving us a content reach of over 100,000 followers, for a strong built-in promotional channel. we will ship the first MEMLNauts in Eurorack module format through UK/EU/US distributor Thonk, targeting 500 units by Q3 2026. That beach-head addresses a $694m global electronic-instrument market (2024, CAGR 4.2% [1]), before rolling out a desktop version and future expansion into verticals.
[1] https://www.credenceresearch.com/report/electronic-musical-instruments-market