Location:NY, US
Speaker:John Schneiter
Primary Industry:Security, anti-counterfeiting
Executive Summary:Veratag is an Albany, New York based company formed in late 2006. Company exploits the natural production variation of MEMS resonators to create unique electronic identifiers that are unclonable, both in terms of physical structure and output signals. These micro-resonator structures are used to provide secure identification and authentication that cannot be rivaled using encryption techniques. Used in wireless applications (as a secure form of RFID) as well as in contact-based, electronic lock-and-key applications. The technology can be used to create unique, unclonable tags for applications such as passports, identification cards, licenses, secure physical entry, authentication of high value goods, and anti-counterfeiting. Based on extensive marketing work the Company completed in 2007, the estimated current addressable market is $170MM, growing at almost a $50MM annual rate. Veratag has both exclusive rights to intellectual property from Cornell University’s Craighead Research Group and an experienced entrepreneurial management team to bring the technology to market. It has successfully finished a Phase I SBIR and has proposed a Phase II. The founders collectively bring over 25 years of entrepreneurial experience to Veratag. Between them they have raised more than $70 million in equity financing for previous successful ventures.
Venture is:A-Round


Corporate Symposium

Harvard OTD
Partner Sponsor

2008 Corporate Presentations

Air Products
  • BASF
  • Genzyme
  • Lockheed Martin
  • Sanyo

Event Sponsors

Jackson Walker

Collocated Events

June 1-5, 2008
Nanotech 2008
Clean Technology 2008
BioNano 2008

Press Sponsor

Business Wire

Commercialization Partner


Media Sponsors

(joint with Nanotech 2008) Nature
Red Herring

Supporting Organizations

Boston University
Midwest Research University Network


“A major challenge for both the technology and the financial communities is finding a forum in which all parties can interact and explore possibilities for future innovation. TechConnect was created to fill this void, bringing both sides together under one roof into a setting that ultimately will help significant ground-breaking concepts come to life.”
Matthew Laudon, Co-Founder and Director of TechConnect