Alumni startup secures $1.8M to advance defence tech
Waterloo-based nanotech company Alchemy received $1.8 million in federal funding to expand its development of next-generation thermal camouflage textiles for military use.
Co-founded in 2013 by Waterloo Engineering alumni Khanjan Desai and Chong Shen (both BASc ’13, nanotechnology), the company produces a nanoceramic film to protect windshields from scratches and stone chips. The product was discovered to interact with thermal infrared radiation, which led to partnerships with the defence industry.