matriq wins CHF 150,000 to improve tracking and prevent counterfeiting of plastic products
24.03.2021
matriq’s DynamicMold® technology marks individual polymer components during production with a unique machine-readable watermark. This improves tracking and prevents counterfeiting. Compared to current labels or laser markings, matriq’s novel technology is less complex and operates at lower costs and higher speed. The St.Gallen-based startup will use the CHF 150,000 to strengthen its sales team and advance DM-date, the first digital date stamp for plastics.
 The matriq team
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Products in the medtech, automotive, and other industries are generally labeled or laser-marked so that they can be tracked individually for quality control, liability, regulations, and recalls. Products that risk being counterfeited also need clear attributes to strengthen brand trust. Today’s solutions are based on resource-heavy processes that require automation and bulky equipment. Applying a code often is a separate process step, and materials can become incompatible with regulations.
matriq’s patented marking and security solutions are based on its DynamicMold® (DM) technology, which leaves an individual 2D-code on every product within milliseconds and during the primary forming process. The code is visible by eye, readable by code reader or smartphone cameras, and includes novel optical security structures, which renders its code as copy protective. DM works for injection molding, blow-molding (bottles), thermoforming (blister packages), and hot embossing (foils, security documents). As the DM technology is inside the production machine (in-mold), it needs no extra space and equipment outside of the machine and connects to business software to attribute the necessary parameters. matriq’s target market for individual marking for traceability is estimated at EUR 7 billion.
St.Gallen-based matriq was founded by André Bernard (CEO) and Klaus Dietrich (CTO), together with Cornelia Nef and Mathias Mächler (both at Ostschweizer Fachhochschule). matriq will use the CHF 150,000 Venture Kick support to strengthen its sales team and furnish customer implementation projects with DM-date, the first digital date stamp for plastics. “The Venture Kick experience was very fruitful for us: With the jury pitches, feedback, and kickers camp, it helped us focus on the essential and gave valuable inputs to strengthen our business case. But most of all, Venture Kick brought us into contact with a rich network of seasoned entrepreneurs and experienced business angels—some also joined our investor line-up,” said Dr. André Bernard, CEO and co-founder of matriq, and adds, “I can definitely recommend it to all startups joining that great program.”
matriq’s patented marking and security solutions are based on its DynamicMold® (DM) technology, which leaves an individual 2D-code on every product within milliseconds and during the primary forming process. The code is visible by eye, readable by code reader or smartphone cameras, and includes novel optical security structures, which renders its code as copy protective. DM works for injection molding, blow-molding (bottles), thermoforming (blister packages), and hot embossing (foils, security documents). As the DM technology is inside the production machine (in-mold), it needs no extra space and equipment outside of the machine and connects to business software to attribute the necessary parameters. matriq’s target market for individual marking for traceability is estimated at EUR 7 billion.St.Gallen-based matriq was founded by André Bernard (CEO) and Klaus Dietrich (CTO), together with Cornelia Nef and Mathias Mächler (both at Ostschweizer Fachhochschule). matriq will use the CHF 150,000 Venture Kick support to strengthen its sales team and furnish customer implementation projects with DM-date, the first digital date stamp for plastics. “The Venture Kick experience was very fruitful for us: With the jury pitches, feedback, and kickers camp, it helped us focus on the essential and gave valuable inputs to strengthen our business case. But most of all, Venture Kick brought us into contact with a rich network of seasoned entrepreneurs and experienced business angels—some also joined our investor line-up,” said Dr. André Bernard, CEO and co-founder of matriq, and adds, “I can definitely recommend it to all startups joining that great program.”