IAMBIC has been awarded approximately $1M in grant funding from the National Science Foundation Small Business Innovation Research program.
NEW YORK, NY – IAMBIC, the innovative shoe company disrupting the centuries-old footwear industry with their sizeless, precision-fit footwear driven by proprietary AI algorithms, announced that the team has been awarded approximately $1M in grant funding from the National Science Foundation (NSF) Small Business Innovation Research (SBIR) program. This substantial funding enables IAMBIC to scale its cutting-edge precision-fit shoe design and manufacturing, setting the stage for transformative changes in footwear and fashion.
Advancing Technology and Manufacturing
Co-Founders Maeve Wang, CEO, and Chaudhry Raza Hassan, CTO, have spent over 4 years building and perfecting their proprietary approach to footwear, using robust AI technology and science-led, data-driven design features—for a shoe crafted precisely to the individual’s foot shape and biomechanics.
“NSF accelerates the translation of emerging technologies into transformative new products and services,” said Erwin Gianchandani, NSF Assistant Director for Technology, Innovation and Partnerships. “We take great pride in funding deep-technology startups and small businesses that will shape science and engineering results into meaningful solutions for today and tomorrow.”
Driving Scale and Collaborations
IAMBIC is now poised to set a new standard in the footwear industry. The precision-fit technology promises to disrupt traditional manufacturing methods, leading to a more efficient, sustainable, and health-focused industry. This funding will facilitate the expansion of IAMBIC’s capabilities, bringing AI-tailored shoes to a broader market, working with other footwear and fashion brands, and paving the way for mass personalization.
“This sets the stage for our next phase of growth as we scale manufacturing, expand our innovative product collection, and grow our footprint through exciting industry collaborations,” said Wang.
Delivering AI-Tailored Shoes
“We are thrilled to be delivering our precision-fit shoes to customers now,” said Wang. “Our shoes are designed to be truly personalized, and we believe IAMBIC breaks the mold with the power of data, science, and technology.”
The product collection, including the MODEL T shoes, uses technology developed with previous NSF support, now enhanced with new funding. This automated solution for precision-fit footwear includes: (1) a smartphone app that scans your feet and collects your fit preferences using AI, (2) automated personalization of the shoe mold to ensure a perfect fit, and (3) adaptable shoe components that adjust to your unique foot shape.
Shoes are currently being shipped. To learn more about the complete IAMBIC experience and place an order, visit www.shop.iambic.co.
