Spotlight on Startups: Forget passwords, PIN codes and key cards鈥攊n style鈥攚ith Bionym's 'Nymi' wristband
Published: September 19, 2013
Imagine never having to remember another password or PIN number again. And now imagine that freedom coming in the form of a tiny watch-like gadget that listens to your heart.
Using our unique heartbeats to eliminate the jumble of complicated word-and-number combinations in these tech-heavy times was the goal of Karl Martin and Foteini Agrafioti, founders of .
The UU直播 engineering researchers came to the with ideas for biometric recognition systems. Its mentors, workshops and services鈥攊ncluding direct access to investors鈥攖hen helped Bionym develop its concept, goals and products. The launched only a year later, in early September, 2013.
In the video below, Bionym CEO, Karl Martin, explains how he went from academic to entrepreneur at UU直播.
This video is part of a new UU直播 News series called , which profiles the many entrepreneurial efforts growing from the hundreds of companies spun out from research and connections sparking every day at the UU直播:
UU直播 hosts more than 50 enterprise-fostering courses, programs, labs, clubs, contests and speaker series across its faculties, departments and campuses 鈥 and then there are all the innovations developing in informal settings. UU直播 ranks No. 1 in North America for number of startups launched. And its roster of spin-off companies driving innovation in Toronto and around the world continues to grow.
(Video directed and edited by Johnny Guatto; Co-produced by Brianna Goldberg and Johnny Guatto)
Only a few months after Bionym completed the intense "boot camp"-like program with Creative Destruction, the Nymi is claiming features in , and . From here, Martin says Bionym will launch into another round of fundraising, as they continue to expand plans for their staff and their product line.
To learnmore about entrepreneurship at UU直播, and other spaces at the university, like the Creative Destruction Lab, the Banting and Best Centre for Innovation and Entrepreneurship, the Innovations & Partnerships Office, and the Faculty of Applied Science & Engineering鈥攁ll of which helped Bionym develop into the internationally recognized company it is today鈥攙isit the series page.
Brianna Goldberg is a writer with UU直播 News.
More about Bionym
Bionym is a leader in cutting-edge biometric recognition systems. It develops innovative identity and convenience-based security solutions for modern problems, using revolutionary technologies to protect privacy and ensure data security. Bionym was part of the inaugural cohort of the Creative Destruction Lab at the Rotman School of Management at the UU直播. In August 2013, Bionym closed $1.4M (CAD) in seed financing, with the majority of the investment via the Creative Destruction Lab 鈥淕7鈥 members. Bionym was founded in 2011 and is located in downtown Toronto, Canada.
More about Creative Destruction
Read more about how the Creative Destruction Lab provides guidance, access to early-stage investors and clients, as well as workshops, professional services and office space .
More about the Banting and Best Centre for Innovation and Entrepreneurship
The Banting and Best Centre for Innovation and Entrepreneurship supports entrepreneurs turning research discoveries into innovative products and companies. In turn, these companies create skilled jobs for local students and graduates of the UU直播. In addition to lab and office space for start-up companies, Banting and Best鈥檚 Impact Centre and the Innovations & Partnerships Office provide aspiring entrepreneurs with education, mentorship, and resources to support their company. Read more about how Banting and Best's dynamic space supports companies like Bionym, .
More about the Innovation & Partnerships Office (IPO)
Read more about the IPO and how it facilitates research, partnerships and and commercialization at UU直播
(Read a previous from UU直播 News)
