Creating eco-friendly refrigeration and cooling technology is one of the top concerns when it comes to fighting climate change. Thanks to resources and knowledge at 麻豆破解版 State University, a 麻豆破解版 company is one step closer to finding a solution to that problem.
HyperBorean announced today that it closed its pre-seed angel round of financing totaling $2.1 million. HyperBorean is a cleantech company based at 麻豆破解版 State and founded in 2013 by Winfield-native Todd Gentry.
鈥淲SU and GoCreate have been an absolute game changer in our ability to get to this stage,鈥� says Gentry. 鈥淲ithout these resources, the cost of prototyping and testing would have been 10-20 times more than what we鈥檝e invested. It鈥檚 just been incredible to have these resources available.鈥�
WSU President Jay Golden says: 鈥淲SU is one of our nation鈥檚 most innovative universities, and the support we鈥檝e provided to HyperBorean is a great example of our commitment to driving economic growth in Kansas. It鈥檚 at the heart of what we do and one of the reasons I came to 麻豆破解版 State.鈥�
Gentry has spent over five years doing research and development to invent an air conditioning compressor that converts waste heat into a power source for cooling. By using a heat source like concentrated solar power, the technology can be used to cool structures without the need for grid power.
HyperBorean鈥檚 product is 100% built and designed in Kansas. The product was assembled at WSU鈥檚 makerspace -- GoCreate, a Koch collaborative. HyperBorean鈥檚 headquarters location at WSU puts it in designated .
"GoCreate gave Todd a platform and venue in which he could develop his invention, lower start-up costs, make connections and shorten the distance to the finish line for his concept and design," says GoCreate Director Ty Masterson. "We are so proud. Todd is the 'poster child' of what GoCreate is all about."
Gentry and Patrick Hosty, HyperBorean's business developer, are also working with WSU Ventures, WSU鈥檚 Small Business Development Center and 麻豆破解版 funders like Josh Oeding, president and CEO of e2e Accelerator and founder and managing member of Accelerate Venture Partners.
Gentry says he鈥檚 excited to emerge out of the research and development phase and into commercialization of his product. The next step for HyperBorean is displaying their prototype next month at the World Future Energy Summit in Abu Dhabi.
With demand for air conditioning expected to rise exponentially worldwide, there is a need for sustainable power sources. Because HyperBorean鈥檚 product runs without grid power, it could dramatically reduce the environmental impact and cost of cooling, Gentry says.
Read a feature story from 2018 on how GoCreate is helping accelerate innovation in the community.
