The history of MIPS

The start of 20 years of research into rotational motion

In 1995 Hans von Holst, a Swedish brain surgeon work-ing at the Karolinska Institute in Stockholm, began examining how standard helmets were designed, as he was convinced that the helmets generally availa-ble were not providing sufficient protection against brain injuries. Hans von Holst contacted KTH (Royal Institute of Technology in Stockholm) with a view to launching research into preventing head and neck injuries, which resulted in Peter Halldin, a student at the institute, commencing his doctorate on the biomechanics of injuries to the head and neck. In 1996 Hans von Holst and Peter Halldin presented their idea for the MIPS solution. During the same time-period, Svein Kleiven was admitted as a PhD student, and started work on developing what has become one of the finest FE (Finite Element) models in the world of the human brain. This model is a key research tool for MIPS, as it makes it possible to visualize and measure the effects of MIPS BPS.

A summary of MIPS’s earlier history:

Research phase

1996–1997
Starting in 1996, the company works to develop the idea of the MIPS solu-tion. Start-up funding is obtained to cover the costs of performing experi-mental tests, and expenses linked to patent applications.

Start-up phase

1998–2003
Starting in 1996, the company works to develop the idea of the MIPS solu-tion. Start-up funding is obtained to cover the costs of performing experi-mental tests, and expenses linked to patent applications.

2004-2007
An actual equestrian helmet featuring a MIPS solution is developed and launched on the Swedish market.

2008-2009
The first institutional investors choose to invest in the company, and the first agreement with an external customer is signed

 Growth Phase

2010-2014
In 2010, the strategic decision is taken to focus exclusively on becoming a lead-ing ingredient brand by selling and licensing the company’s technology within different helmet categories, rather than marketing of own brand helmets.

2015
2015 was a milestone year for MIPS, when the company sold more than a million MIPS BPS units to 28 helmet brands, corresponding to an increase in volume of 275 percent in comparison with the previous year.

2016
Having previously been available in motocross helmets, MIPS BPS is launched in a road motorcycle helmet in 2016, and MIPS experiences continued growth in volume, selling 1.7 million MIPS BPS units over the course of the year.

2017
MIPS is listed on Nasdaq Stockholm, attracting more than 3,000 shareholders. Up to and including 2017, the company has sold more than 5.4 million MIPS BPS units, which have been implemented in as many helmets in the snow, bike, equestrian and moto segments.