Entrepreneur, thirteen, Will get Intel Funding for Low-Value Braille Printer

If Shubham Banerjee can’t lay declare to being the world’s youngest enterprise capital-backed entrepreneur, he comes very shut. Banerjee was 12 years previous when he closed an early-stage funding spherical with Intel Capital, the corporate’s enterprise capital arm, for his prototype for a low-value Braille printer. Since then, the San Jose, California center-schooler has turned thirteen. That is younger, even by the requirements of Silicon Valley, the place many enterprise capitalists unapologetically want to fund youth over expertise. After studying a fundraising flyer concerning the blind, Banerjee felt impressed to show a excessive-tech model of Legos into a tool that would print in Braille. Someday, he needs to mass-produce the printers and promote them for about $350, far lower than Braille printers value now. This previous summer time, he labored on incorporating an Intel Edison chip, a processor aimed toward hobbyists, into the printer. In September, Intel invited him to a convention in India to spotlight makes use of for Edison. There, he acquired an enormous shock. Intel government Mike Bell introduced from the convention stage that the enormous chipmaker would spend money on his firm, Braigo Labs. Banerjee and a spokesman for Intel Capital declined to reveal the dimensions of the funding.

IN-DEPTH

— Reuters

First revealed November 10 2014, 6:fifty four AM