Virtual ink
Encyclopedia
Virtual Ink was a MIT
start-up
company founded in 1997.
The founders business plan was first runner up in the 1996 MIT $50K Contest
. Virtual Ink launched its first product mimio
in 1999. Over the next 7 years the company released a number of products in the interactive whiteboard
space. On October 4, 2006 Newell Rubbermaid
acquired all of Virtual Ink's major assets, including the mimio name. The mimio line of products are still being developed under the new ownership.
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
start-up
Startup company
A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets...
company founded in 1997.
The founders business plan was first runner up in the 1996 MIT $50K Contest
MIT $100K Entrepreneurship Competition
The is one of the largest and most famous business plan competitions in the world. Entirely student-managed, students from all programs and levels at MIT organize and enter the $100K. Teams must include at least 1 full-time MIT student, but membership is not restricted to the MIT community...
. Virtual Ink launched its first product mimio
Mimio
Mimio is a brand name of a line of technology products aimed at the education market. The primary products are focused around computer whiteboard capture devices. Mimio devices also allow users to capture all of the ink strokes that are written on the whiteboard...
in 1999. Over the next 7 years the company released a number of products in the interactive whiteboard
Interactive whiteboard
An interactive whiteboard , is a large interactive display that connects to a computer and projector. A projector projects the computer's desktop onto the board's surface where users control the computer using a pen, finger, stylus, or other device...
space. On October 4, 2006 Newell Rubbermaid
Newell Rubbermaid
Newell Rubbermaid is a global marketer of consumer and commercial products including such well-known brands as Rubbermaid food storage, home organization, and refuse container products; Sharpie, PaperMate, Parker and Waterman writing instruments; Calphalon gourmet cookware; Goody beauty and...
acquired all of Virtual Ink's major assets, including the mimio name. The mimio line of products are still being developed under the new ownership.