On Feb. 9, at an investment network meeting of the Akron Regional Change Angels (ARCHAngels) held at UA’s Martin University Center, MBA student Meredith May presented the first investment of UA's Student Venture Fund to student-run ADAP Nanotech, LLC.
May is co-manager of the student-led fund, a chapter of the Northeast Ohio Student Venture Fund.
An independent 501c(3) organization, NOSVF is a collaboration of colleges and universities in Northeast Ohio. Its mission is to provide an experiential learning opportunity to Northeast Ohio college students while investing in innovation and promoting economic development in the region. The student-led funds are expected to evaluate startups and invest in the most promising companies.
ADAP, an advanced materials company centered on microprocessor heat management, was awarded $25,000 from the UA fund.
Founded by UA graduate student Sunny Sethi, who serves as the company’s chief technology officer, and Dr. Ali Dhinojwala, UA Department of Polymer Science Chair and Morton Professor of Polymer Science, ADAP applies carbon nanotubes to thermal interface materials to create nanoTIM©, an adhesive that conducts heat in consumer electronics.
May and the other Student Venture Fund members looked at six area companies before selecting ADAP whose primary attractions included its use of technology developed at UA and its plans to manufacture products in Northeast Ohio.