Modti inc.

Modti Inc.
Type	Private
Industry	Hardware, Wearables, Displays, Aerodynamics, Aerospace
Founded	2013 (as MottiFilm) 2014 (as Modti)
Headquarters	Joensuu, Finland
Key people	Shane H. Allen, CEO Iouri Kotorov, CFOO Antti Vikman, CTO
Products	Shape Programmable Hardware [Segments]
Website	www.modti.com

Modti Inc. is a Finnish technology company headquartered in Joensuu, Finland, that designs, develops, and sells its shape programmable hardware technology. As of May 17, 2015, its main product is Segment, an electrically driven, paper-thin, and flexible actuator bending mechanism tailored for use in emerging flexible technologies.

Modti was officially founded by Shane H. Allen and Iouri Kotorov on August 13, 2013 to develop and sell its shape programmable hardware technology. Originally registered as MottiFilm Inc. and was renamed Modti Inc. on August 13, 2014 due to its name giving the incorrect impression of being a movie company.

Partners have included Joensuu Business Incubator, Karelia University of Applied Sciences, Startup Sauna, FAU Technology Business Incubator^[1] and Joensuu Entrepreneurship Society.

Investments/funds

2013 DRAFT Karelia, Finland^[2]
2014 Ari Lahti, Finland
2014 TEKES Finnish Government Grant, Finland
2015 Kima Ventures, France^[3]
2015 ViaGroup, France
2015 HTOL/Rémi Toledano, France

Awards

2015 Top 5 Most Innovative Startups in Europe - Vienna Business Agency and Pioneers Festival - Vienna Startup Welcome Package
1st Place - 2014 PitchMeUp Pitching Competition^[4] - Shane H. Allen
2013 StartMeUp Business Idea Competition^[5] - North Karelia Enterprise Agency Special Award (Uusyrityskeskuksen Erikoispalkinto)
2013 StartMeUp Business Idea Competition^[5] - Best Student Idea Award (Paras Opiskelijaidea)
2013 StartMeUp Business Idea Competition^[5] - Best Technology and Materials, Expert Award (Teknologia ja Materiaalit, Asiantuntijapalveluita)
1st Place - 2013 PitchMeUp Pitching Competition - Shane H. Allen

References

↑ "FAU Technology Business Incubator" (PDF). FAU Technology Business Incubator Press Release.
↑ "DRAFT Karelia". DRAFT Karelia Funding 2013.
↑ "Kima Ventures". Kima Ventures Funded Startups List.
↑ "Karelia University". PitchMeUp Competition Results. Retrieved 13 May 2014.
1 2 3 "Digital Works Consulting". Digital Works Consulting Article. Retrieved 13 May 2014.

External links

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