Laminar Scientific

Breakthrough Wave-Energy Tech for Coastal Communities. Transforming Renewables.

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Security Type
CAFES
Categories
Technology, Sustainability, Social Impact, Financial Services, Community & Lifestyle
Min Investment
$100
Location
Iowa City, IA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$250.00K
No. Investors
154
Security Price
$1
Website
laminarscientific.com
Number of Employees
3
Cash
$171,766
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-38,734

Company Description

$200K previous investment (F&F round; 80% left). $250K crowdfund-match agreement πŸ’°πŸ’° US DOE Award of $150K received for simulation effort (TEAMER). More expected in 2022 πŸ”¬πŸ”¬ Tackling multi-directional seas with World leading magnetic motion rectifier designs βš™οΈπŸ§² Fresh perspectives (Aero Engineers) + industry experts to allow for relevant innovations ✈️ Low costs in the American Midwest🌽 U of Iowa has world class hydrodynamics labs 🌊 No pre-revenue executive salaries for first 5 years. You are funding R&D, and nothing else! πŸš«πŸ’Έ Global network of manufacturers, legal counsels and freelance workers 🌎 Accepted into Newchip Accelerator πŸš€πŸš€

Key Deal Facts

$200K previous investment (F&F round; 80% left). $250K crowdfund-match agreement πŸ’°πŸ’° US DOE Award of $150K received for simulation effort (TEAMER). More expected in 2022 πŸ”¬πŸ”¬ Tackling multi-directional seas with World leading magnetic motion rectifier designs βš™οΈπŸ§² Fresh perspectives (Aero Engineers) + industry experts to allow for relevant innovations ✈️ Low costs in the American Midwest🌽 U of Iowa has world class hydrodynamics labs 🌊 No pre-revenue executive salaries for first 5 years. You are funding R&D, and nothing else! πŸš«πŸ’Έ Global network of manufacturers, legal counsels and freelance workers 🌎 Accepted into Newchip Accelerator πŸš€πŸš€

Management Team / Advisory Board Bios

Narayan Iyer Founder and CEOFormer Aerospace Systems Engineer at Rockwell Collins for 5 years. Worked as a Product Owner, Systems Lead, Test Lead on NASA X59 / Airbus projects. B.S. from Purdue University for Aeronautical and Astronautical Engineering and Private Pilot., Brady Kakert Prototype and Test EngineerME at the University of Iowa (Tailored Focus in Robotics/Automation and Energy/Environment) Mech Team Lead - Hyperloop at Iowa President - American Wind Energy Association (UI Chapter). Former Undergraduate Research Assistant - University of Iowa, Ranganathan TA CFO and Regional Director - AsiaFormer CEO/Founder of an Energy Company - Now Sold (exit). Owned a trading brokerage company, Salt and Commodities. Former Chartered Accountant, Jian Tan PhD InternPhD Candidate at Delft University of Technology, Mina Iyer Marketing AdvisorSales Executive at Lutron

Amount Raised : $154,469
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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