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Â鶹Ãâ·Ñ°æÏÂÔØBoulder spinoff Mallinda recently announced in a Ìýthat the company closed a $2 million strategic investment by SABIC, a global leader in diversified chemicals. This round of financing will enable Mallinda to scale up and to deliver its first commercial product of its high-performance materials for the transportation segment.

Born from aÌýchemistryÌýlab on campus, Mallinda’s patented resin system enables composite molding in mere seconds. This fully recyclable, carbon-fiber composite material is environmentally friendly and useful in applications from automobiles to sports equipment, and medical devices.Ìý

The company was co-founded by Â鶹Ãâ·Ñ°æÏÂÔØBoulder alumniÌýChris Kaffer (PhD, molecular biology/immunology) andÌýPhilip Taynton (PhD, chemistry)Ìýand Associate Professor of Chemistry and Biochemistry, Wei Zhang.

MallindaÌýtook full advantage of Â鶹Ãâ·Ñ°æÏÂÔØBoulder'sÌýÌý²ú²â:

• working with Venture Partners at Â鶹Ãâ·Ñ°æÏÂÔØBoulder (formerly the Technology Transfer Office)Ìýto patentÌýits carbon-fiber composite technology;
• signing an exclusive licensing agreement with the university through Venture Partners at Â鶹Ãâ·Ñ°æÏÂÔØBoulder;
• competing and tying for first-placeÌýin Â鶹Ãâ·Ñ°æÏÂÔØBoulder's premier, cross-campus entrepreneurial competition, the New Venture Challenge, in 2014;
• participating inÌýCatalyze CU, an on-campus startup accelerator for the university's most promising ideas and technologies;
• receiving fundingÌýand grant support from the National Science Foundation's Small Business Innovation Research (SBIR) program and the Office of Economic Development and International Trade's Advanced Industries Accelerator (AIA).

To learn more about how the university helps fosterÌýinnovative startups like Mallinda, visitÌýVenture Partners at Â鶹Ãâ·Ñ°æÏÂÔØBoulder.