Kugar Inc.

For several decades, the strategy of many global manufacturers to preserve margins included outsourcing/offshoring factories and related activities to economies with lower labor costs. As global wages and living standards continue to rise, robotic automation is seen as the next solution; however, many options are inaccessible due to high upfront costs, technically complicated offerings, and time required for effective implementation. Additionally, COVID-19 had unveiled the faults in complex, globally distributed supply chains.

Kugar generated $80K in revenue from a proof-of-concept developed to produce components for Boeing, Airbus, Lockheed Martin, and Gulfstream The version 1.0 of the core product is currently under development.