Posts Tagged ‘#GainesvilleTechFund’

Gainesville Tech Fund Selects Mattrix Technologies for Inaugural Investment

Posted on: September 20th, 2021 by Kirenaga Partners

Mattrix Technologies is the first company targeted for investment by the newly established Gainesville Tech Fund, organized by venture capital firm Kirenaga. The investors in the fund include successful entrepreneurs and local business leaders.

The UF startup has created a new way of manufacturing displays that dramatically reduces the cost and improves the performance of OLED displays.  Despite OLEDs outperforming even the best liquid crystal displays (LCDs), LCDs continue to dominate the display market – think phones, tablets, laptops, desktops, televisions, billboards, virtual reality glasses, and more – because OLEDs are expensive to manufacture.  

However, Mattrix Technologies, a resident client at UF Innovate | The Hub, has found a way to use LCD manufacturing techniques to produce OLEDs at a fraction of the cost. While much of the industry has focused on creating better light-emitting materials (organic semiconductors and quantum dots), the UF startup has focused on the technology that supplies the electrical current that is converted into light by the OLED. 

By doing so, Mattrix may lower the cost of manufacturing better quality screens while repurposing old LCD factories, a win for consumers and manufacturers. The investment by the Gainesville Tech Fund will allow the company to build more advanced prototypes,  providing further proof of concept of its technology. 

Read the full press release here