A revolutionary ‘unprinter’ has moved a step closer to production thanks to a £500,000 cash injection.
Cambridge University spin-out Reduse, which has developed the ‘unprinting’ technology to remove print from paper, allowing it to be reused. It has raised the seed investment from Cambridge Enterprise, the university’s commercialisation arm, and the University of Cambridge Enterprise Fund III, bringing the company’s initial venture funding to nearly £1m.
“It is our goal to allow the reuse of paper, eliminating the need for recycling” said Hidde-Jan Lemstra, CEO and co-founder of Reduse. “Cambridge Enterprise and Park Walk Advisors, which manages the University of Cambridge Enterprise Fund III, share this vision and are important partners as we continue to develop this technology.
“Over the course of the coming months, we will be working on prototype development and further engagement with customers while continuing our conversations with some of the biggest printer manufacturers in the world.”