The company was conceived in 2012, when the two founders, Eldar Urmancheyev and Aleksander Iugov, decided to merge their own technology assets in order to register, manage and develop them together.

The need arose to describe their existing, newly-developed technologies and work to develop and export the most promising ones. And as a consequence, to create a “technology bank” to protect and license them.

Based on the many factors that were important for the management, storage and protection of intellectual assets (so called "hard IP"), Cyprus proved to be one of the most suitable locations, so the company was established there in 2020 to manage proprietary and client technology.

Creation and development of technology is a common goal for any developer. Authors, scientists and inventors are interested in receiving royalties when their works and developments are used.

In order to secure their use and maintain their value, it was necessary to properly package and license the technologies and make them available in order to generate a steady income from the use of the technologies.

Thus, another role of AEIP was to ensure that the technologies it owned were properly packaged and promoted.

The first project chosen was our innovative additive manufacturing technology, Versatile Thermoplastics Particle Manufacturing (VTPM), unique, patented, industrial, thermoplastics-based 3D printing technology which utilizes the widest range of materials and is designed for numerous applications across diverse industries.

You can read the full history of this project here. It will provide insight into how we go about our work and also the kind of projects we are interested in.