From classroom to cutting-edge
Khanjan Desai (BASc ’13) and Chong Shen (BASc ’13) are co-founders of Alchemy, a company that fabricates leading-edge coatings using nanotechnology for the automotive and defense industries. Chong and Desai, nanotechnology engineering (NE) alumni, launched the start-up in 2013.
Alchemy recently received $1.8 million in funding from the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) to scale up the manufacturing of their automotive products.
University of Waterloo’s entrepreneurial ecosystem played a pivotal role in the development of Alchemy, providing initial funding through the Velocity incubator as well as additional grants from the University.
“To launch Alchemy, we needed lab space, access to advisors and infrastructure that would have been so expensive to have on day one of our start-up. The University of Waterloo provided all of that for us, we would not exist without Waterloo,” says Desai.