PinPress, an early stage company started by nanotechnology students at the University of Waterloo, is developing shapeshifting mold technology targeted to manufacturers. According to the company manufacturers lose millions of dollars per month in downtime switching tools, while PinPress; programmable surface allows for easy switching of tools.
“Think: a thousand molds in one,” said PinPress CEO, Asif Khan. “The strong support from N100 as well as local manufacturers is truly appreciated by our team. We look forward to a great partnership.”
PinPress has received numerous awards since its start at Velocity Foundry in 2013. The company won the GlobalStart Pitch Competition at OCE Discovery 2016, and was recently accepted into Johnson & Johnson Innovation’s JLABS incubator. The company is currently backed by SOSVentures and graduated from its leading global hardware accelerator, HAX.
“The Government of Canada is pleased to see the successes of PinPress in the technology sector as well as the local manufacturing sector,” said Kim Rudd, MP for Northumberland-Peterborough South. “We are proud to support programs and competitions such as the N100 that help high growth potential startups bring to market new and innovative products.”
StartUp HERE Toronto is a publishing partner of Betakit and this article was originally published on their site.