University of Illinois at Urbana-Champaign, 2005 - $18,590
Micro-manufacturing (the production of components with feature sizes smaller than 1mm) is a large and rapidly growing manufacturing sector. Micro-manufacturing machines make parts for both high-volume (iPods, cell phones, etc.) and high-value (surgical devices, military components, etc.) products, but in both cases the machines currently on the market are slow, expensive, large, and difficult to use.
This E-Team, now incorporated as Microlution, has developed a new type of machine, called a Micro/meso-scale machine tool (mMT), that is smaller, less expensive, and more efficient than traditional micro-manufacturing machines. The company is on its feet and growing rapidly, and in 2007 began selling the Microlution 310-S.