Kymeira is finding a number of ways to leverage its win at the student competition for the
Accelerate Michigan Innovation Competition.
Kymeira is developing a new chemistry for ceramics, which brings the benefits of existing advanced ceramics to new parts and markets. It took $25,000 in seed capital to its Ann Arbor home after winning at Accelerate Michigan, but that's not the only thing it walked away with.
"We had an extremely positive experience in terms of meeting possible investors and other parties who are potential customers and mentors," says David Hatfield, new business development director for
Kymeira.
The technology coming from Kymeira was developed over the last three years. The start-up launched in September of this year and now employs a team of four people. The company plans to use its Accelerate Michigan winnings and other amounts of seed capital to continue product development and line up its first customers.
"We're trying to get our first sale by next fall," Hatfield says.
Source: David Hatfield, new business development director for Kymeira
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.