Innovation & Enterprise Directorate

Success Story Format

When composing your success story, please include the following elements in the write up:

  • A brief description about the company
  • A brief description about the project
  • How did KFAS help with funding your project?
  • What was the STI related solution needed for your product, for example it addressed one or more of the following items:
  • Testing of new advanced technology material
  • Environmental solutions
  • Less consumption of raw material, and/ or more efficient production
  • Increase in Profitability
  • IT solution
  • New service for customers (e.g. in financial services)
  • Other, if other please mention
  • How did this affect your company in terms of:
  • Productivity
  • Cost
  • Increase of profitability in percentage
  • Enhancement of workflow
  • Etc.
  • Would you reapply for KFAS programs and would you recommend KFAS programs to other companies?

Success Story Example

When composing your success story, please include the following elements in the write up:

  • A brief description about the company

Refrigeration Industries Co. is a group holding company established in 1973 with diversified interests in manufacturing (COOLEX) , contracting and services.

COOLEX was founded as a pioneer in the region and the only air conditioning manufacturer in Kuwait. High standards, competitive pricing and a wide array of products, COOLEX strives to provide the absolute best to their customers through continuing in-depth research and development.

  • A brief description about the project

COOLEX Package A/C units series, New development improving series Energy Efficiency & Energy savings, To achieve the new Power Consumption limit 1.7 Kw/TON @118.40F which is requested by Ministry of Electricity.

  • How did KFAS help with funding your project?

With the aid of the Innovation Research Voucher (IRV) scheme awarded here at the Kuwait Foundation for the Advancement of Sciences (KFAS), RIC approached KFAS and applied for funding support of our New COOLEX package unit. KFAS provided close to 25% of the funding needed for the research and development of the new performance Package units which is tested in the international Lab INTERTEK /USA.

The new Coolex average Electricity Power Consumption is 1.42 Kw/TON which is less than the new limit of 1.7Kw/TON @118.40F of the Ministry of Electricity’s new regulations.

  • What was the STI related solution needed for your product, for example it addressed one or more of the following items:

Testing of New developed A/C products which contributes in energy and electrical power consumption savings.

  • How did this affect your company in terms of:

It increases of profitability in percentage, as it provide very competitive product in A/C market meeting MEW requirements which increases the production volume for this developed series.

  • Would you reapply for KFAS programs and would you recommend KFAS programs to other companies?

Yes KFAS programs are highly valuable and contributes in research and development of Kuwait products.