The management of the Experimental Design Bureau "Karfidov Lab" intends to increase the company's revenue from 87 million rubles to 180 million rubles by the end of 2020.

"The company's annual profit is growing by about 30%. We plan to close the current year at 180 million rubles", - said the co-founder of the organization Alexey Karfidov.

He specified that over the past three years, the company's revenue has doubled: from 43 million rubles in 2017 to 87 million rubles at the end of 2019.

In six years of operation, Karfidov Lab has broken into the leaders of industrial design and science-intensive design of innovative devices with a domestic market share of about 25%. Among the company's clients are representatives of both large businesses (Sberbank PJSC, Rosatom, Rostec, Almaz-Antey) and small startups.

In the near future, the company's management intends to bring its own product range to the market and launch new areas of work, including the development of IoT devices, mobile applications and the integration of "iron" projects with software.

Export

Alongside this, the company is actively developing exports. Thus, the annual turnover at the end of 2019 was about 2.4 million rubles. The annual growth of revenue from export services is 20%. "Karfidov Lab" has already successfully implemented a number of projects for customers from the UK, France, Germany, Singapore, Kazakhstan, Belarus.

In addition, the company has already attracted colleagues from China to a number of developments, as well as holds discussions on launching joint projects with HYVE AG from Munich, Germany and establishes cooperation with representatives of the Austrian innovation industry. In the next five years the management of "Karfidov Lab" intends to launch active work in the markets of Europe, the USA and Asia.

Also Karfidov Lab welcomes delegations from different countries to its office and participates annually in major exhibitions such as Hannover Messe, Innoprom and others to develop the export potential of the company, search for foreign customers and strategic partners.

Karfidov is confident that large-scale coverage of the foreign market will provide the company with a steady revenue growth, up to 1 billion rubles per year.

About the company

"Karfidov Lab" was founded by two MISIS graduates Alexey Karfidov and Dmitry Vasiliev in 2014. The company is an experimental design bureau that provides services for industrial design of products, design documentation, enclosures and complex mechanical designs, as well as deals with electronics, circuit design and development of printed circuit boards, programming, production of prototypes, piece products, launching into mass production.

Currently, the company employs 25 highly qualified engineers, designers and constructors who have managed to develop an optimal development strategy using which prototypes of future products are maximally close to serial products in terms of characteristics and aesthetic properties.

Over six years on the market, the company has completed over two hundred projects for Russian and foreign companies, ranging from an unmanned submarine to a household farm. Some of the bureau's most iconic developments include a computer model of the Olympic torch for the 2014 Sochi Winter Olympics and Russia's first industrial exoskeleton (ExoChair) for the lower body, which reduces the risks of occupational diseases associated with musculoskeletal disorders in people working in static postures.

"The plus side of our business is that there are virtually no competitors. There are hundreds of design studios that can draw a pretty picture, but don't know how to make the design work and make it technological, cheap and high quality. And there are excellent engineers in classical design bureaus, who work on huge projects from ministries and will not develop a drone charger," said Karfidov.

About the product

The company's main focus is industrial design, which involves researching the consumer and their needs, developing a scenario of user interaction with the product, and in the future, developing an entire ecosystem based on the product and software. "Karfidov Lab successfully coped with the main task at the launch of the new product - to realize the transition from design to technical design, and from the model to production, and in this regard launched a new educational product Karfidov Course.

It is the only complete practical course in Russia on the development of an innovative product, from the idea, research, conceptual and technical design to the launch of serial production. You can take the course in person at the company's Moscow office and it lasts from 8 to 24 hours, depending on the needs of the team. The content is delivered in an interactive format with real-life examples, and all classes are recorded on video. Feedback is guaranteed during the training and technical support afterwards. The final presentation of the product takes place in a TED Talks format.