About Innova Dynamics
Innova Dynamics is an electronic materials company initially serving consumer electronics markets with touch screen and display applications. Spun-off from the University of Pennsylvania and located in San Francisco, this venture-backed company is commercializing a far-reaching materials platform that can transform polymers, surfaces and devices by embedding nanoparticles directly into the surfaces of polymers and thereby creating new functionalities.
Innova Dynamics is focused on applying its Innlay™ surface-embedding technology to form transparent conductive electrodes (TCEs) for touch sensor applications. Our Innlay™ TCE technologies can impact a number of other solid state device applications spanning flat panel displays, OLED lighting, smart windows, thin film solar cells, and beyond. Moreover, Innova’s Innlay™ embedding technology can be used to transform surfaces for numerous other applications spanning antimicrobials, catalysis, decorations, optical management, thermo-mechanical performance and beyond.
Innova Dynamics works with some of the world's leading manufacturers of touch sensors and modules to make film sensors using cost-effective wet deposition processes such as roll-to-roll coating of conductive films and screen printing to pattern them. Innova’s Innlay™ TCE platform delivers a three-pronged value proposition that comprises: i) outstanding optical performance – particularly vs. new emerging TCE technologies; and ii) design flexibility spanning devices of any size and shape; iii) all underpinned by a step-change reduction in materials and patterning costs compared to traditional ITO (indium-tin oxide) film technology.
Innova’s proprietary Innlay™ TCE platform serves high-growth markets currently spanning touch-enabled smart phones, tablets, and ultrabooks and is poised to make touch ubiquitous ‘anywhere, anytime’ in homes, cars, at work and beyond. Last year, the touchscreen module industry was roughly $30 billion in size, and projected to grow to nearly $45 billion by 2018. The total addressable market for Innova touchscreen ink products represents over $1 billion by 2018.
Innova’s industry leading partners in touch sensors and specialty chemicals will initially support adoption of Innova’s Innlay™ TCE inks into film sensors for mobile devices in the near future. With its lead customer, Innova Dynamics has demonstrated production-readiness on full-scale roll-to-roll coating lines.
The Company is led by proven industry veterans paired with the founding entrepreneurs. These veterans broadly have deep experience in materials-based businesses -- as well as display and printed electronics industries -- in both Fortune 500 companies and start-ups.
Innova Dynamics is an electronic materials company initially serving consumer electronics markets with touch screen and display applications. Spun-off from the University of Pennsylvania and located in San Francisco, this venture-backed company is commercializing a far-reaching materials platform that can transform polymers, surfaces and devices by embedding nanoparticles directly into the surfaces of polymers and thereby creating new functionalities.
Innova Dynamics is focused on applying its Innlay™ surface-embedding technology to form transparent conductive electrodes (TCEs) for touch sensor applications. Our Innlay™ TCE technologies can impact a number of other solid state device applications spanning flat panel displays, OLED lighting, smart windows, thin film solar cells, and beyond. Moreover, Innova’s Innlay™ embedding technology can be used to transform surfaces for numerous other applications spanning antimicrobials, catalysis, decorations, optical management, thermo-mechanical performance and beyond.
Innova Dynamics works with some of the world's leading manufacturers of touch sensors and modules to make film sensors using cost-effective wet deposition processes such as roll-to-roll coating of conductive films and screen printing to pattern them. Innova’s Innlay™ TCE platform delivers a three-pronged value proposition that comprises: i) outstanding optical performance – particularly vs. new emerging TCE technologies; and ii) design flexibility spanning devices of any size and shape; iii) all underpinned by a step-change reduction in materials and patterning costs compared to traditional ITO (indium-tin oxide) film technology.
Innova’s proprietary Innlay™ TCE platform serves high-growth markets currently spanning touch-enabled smart phones, tablets, and ultrabooks and is poised to make touch ubiquitous ‘anywhere, anytime’ in homes, cars, at work and beyond. Last year, the touchscreen module industry was roughly $30 billion in size, and projected to grow to nearly $45 billion by 2018. The total addressable market for Innova touchscreen ink products represents over $1 billion by 2018.
Innova’s industry leading partners in touch sensors and specialty chemicals will initially support adoption of Innova’s Innlay™ TCE inks into film sensors for mobile devices in the near future. With its lead customer, Innova Dynamics has demonstrated production-readiness on full-scale roll-to-roll coating lines.
The Company is led by proven industry veterans paired with the founding entrepreneurs. These veterans broadly have deep experience in materials-based businesses -- as well as display and printed electronics industries -- in both Fortune 500 companies and start-ups.
Origins
2007
2008
2009
2010
2011
2012
2013
2007
- Originally named Innova Materials, Innova Dynamics is founded at the University of Pennsylvania in Philadelphia, PA.
- Arjun Srinivas, Alex Mittal and team invent Innlay™ surface-embedding technology during their award-winning senior thesis project at the University of Pennsylvania.
2008
- Founders Alex Mittal, Arjun Srinivas, and Michael Young win 3 of 5 top awards at the 2008 Wharton Business Plan Competition, using proceeds to seed the company.
- Founders secure first laboratory and office space in the Philadelphia Science Center.
- Company secures IP ownership from the UPenn Center for Technology Transfer.
- The first PCT patents are filed.
2009
- Founders secure $360,000 in seed financing round.
- Innova secure commercial traction and contract revenue initially by providing best-in-class antimicrobial materials technology to Fortune 500 partners.
2010
- Innova secures $4M in venture capital funding from Rho Capital and MentorTech Ventures in its Series A round.
- Company changes to a C-Corporation and changes its name to Innova Dynamics, Inc.
- Innova relocates from Philadelphia to San Francisco.
- As Innova explores various markets, it secures SBIR Phase I funding from the US Army, US Navy, and National Science Foundation to explore and develop applications respectively antimicrobials, EMI shielding, and transparent conductive electrodes (TCEs).
2011
- Company shifts its focus to TCEs for the touch sensor market.
- Founders hire Dr. Daniel Button as CEO after he helps target the touch market and expand industry relationships during a 6-month consultancy.
2012
- Innova secures >$2.5M in Phase II non-dilutive government funding from the US Army, Navy and the National Science Foundation (3 of 3 Phase II conversions).
- Company initiates active design-in collaborations with several industry leaders across the value chain of the touch industry.
2013
- Innova Dynamics closes an over-subscribed $16M Series B financing rounding, including BASF Ventures, Rho Ventures, MentorTech, Rollo Capital, and Ryosuke Kuwada
- Company builds out the management team with industry veterans.
- Company secures $3M in venture debt from City National Bank.
- Company down-selects to two design-in collaborations with direct customers -- leading film sensor manufacturers that are vertically-integrated -- and executes JDAs (joint development agreements) that include funding.
