NanoGriptech, a Pittsburgh startup that manufactures “gecko-inspired” micro-structured dry adhesives and surfaces for a range of applications, raised $1.7 million in investment from Taiwan-based Industrial Technology Investment Corporation.
The investment will also allow nanoGriptech to grow its customer base across Asia.
“We are very excited about the opportunities with nanoGriptech, whose products we see as a strategic fit with many of our limited partners to push the boundaries of the adhesives industry,” said Hans Tai, president of ITIC and member of nanoGriptech’s board of directors, in a prepared statement.
Carnegie Mellon University’s Swartz Center for Entrepreneurship is working alongside ITIC to find funding opportunities for CMU spinoff companies, with nanoGrip tech being the first.
“This development is a win-win for the Center and ITIC as we collaborate to build valuable companies,” said David Mawhinney, executive director of the Swartz Center at CMU, in a prepared statement.