Molecular Glasses Wins Rochester Venture Challenge
NEXUS-NY is a clean energy startup accelerator chartered with catalyzing the commercialization of technologies discovered by New York researchers. Funded largely by the New York State Energy Research & Development Authority (NYSERDA), NEXUS-NY increases the number of scalable clean energy startup companies within the region. Molecular Glasses participated in NEXUS-NY cohort 2, enabling the company to develop more relevant concepts through the program’s extensive discovery process. As a result, Molecular Glasses is now in position to revolutionize the manufacture and applications of OLED materials.
In April 2016, Founder/CEO Mike Molaire competed in the Rochester Venture Challenge hosted by High Tech Rochester. The panel of judges based its decision on criteria that included the probability of success of the business, as well as the size of its potential economic impact. Molecular Glasses came in third, receiving $2500 in cash and $1000 rent credit for space at HTR’s Lennox Tech Enterprise Center.
In the next six months, Mike hopes to raise $500,000 by making use of his industry contracts. Read more in his recent interview with the Democrat & Chronicle, Catching up with Mike Molaire, CEO of Molecular Glasses.
You can also learn more about the company’s proprietary NONcrystallizable molecular glasses for stable and long-lived OLED and other organic electronics in the latest edition of the NEXUS-NY New Energy Magazine.
Description: Molecular Glasses has developed highly stable host materials for OLED devices. OLEDs have become ubiquitous in small display applications but their adoption has been hampered in large display and lighting. Molecular Glasses has created a new class of materials which combine the best features of SMOLED and PLED. More specifically their materials enable lower total system cost and better features today and they provide a bridge to low cost, roll-to-roll device processing in the future.
Location: Eastman Business Park, Rochester, NY
Achievement: Molecular Glasses has developed a third class of OLED materials with the performance of SMOLED, which will not crystallize. This advancement will revolutionize the manufacture and applications available for these materials, while providing 50% reduction cost for large television manufacturing and enabling light extraction improvement by 30%. The company has received several awards, including a $60,000 DOE testing award.
Founding Team: Mike Molaire (CEO, Founder); Mark Juba (COO); Dr. David S. Weiss (Advanced Research Director)
“Our materials will be used to manufacture large size television, smartphones, tablets and commercial lighting modules. The solution printing process will be a lot easier to implement with our materials. As a significant aspect of our strategy, we have designed our materials to work in the current vacuum/thermal process,” said Molaire. “Thus we do not have to wait for the emerging solution/printing processes in order to start selling materials and making money.”
NEXUS-NY Research: During the NEXUS-NY customer discovery process, Molecular Glasses has spoken with forty experts and potential customers. This enabled them to discard concepts and generate new ones more relevant to the marketplace.
Next Steps: Now seeking to commercialize their technology by selling materials to display and lighting OEMs, Molecular Glasses will complete their proof-of-concept work and begin to market their materials and will partner with an established chemical manufacturer to produce them. The company believes they are 18 to 24 months from selling their first product. They will start delivering samples to interested customers in four to six months.