Intel Corporation (NASDAQ:INTC) may be a multibillion-dollar company but that hasn’t stopped this 13-year-old boy from partnering with the giant on his low-cost braille printer.
This is Shubham Banerjee and in an interview with Corey John for Bloomberg West, he detailed how a science project cobbled together from an idea and some Lego pieces have become a prototype machine backed by Intel Corporation (NASDAQ:INTC) which could drastically affect the lives of blind people all over the world.
Banerjee’s idea, by the way, became Braigo Labs of which he is CEO. The young man is also the youngest venture capital-backed entrepreneur in the world, Bloomberg reports.
“After I was done with ‘Product 1.0’ or with the Lego one, I went on to a real consumer product. After I got a lot of ecstatic feedback from many people [on] YouTube, from Google[+] Hangouts and stuff like that, […] I decided to make a real consumer product and that’s when Intel wanted to incorporate their new chip called ‘Intel’s Edison’ into my project. That’s when I really started working with them and how this project came together,” he said.
Banerjee said that the idea for the Intel Corporation (NASDAQ:INTC)-backed project came from someone mailing his home asking for donations for the blind. From there, he found out that braille printers are very pricey and therefore not accessible to many blind people especially in third-world markets.
He said that he decided to make a machine that could print braille for his science fair project and since then, venture capital firms and Intel Corporation (NASDAQ:INTC) have come along to guide and help him.
Richard S. Pzena’s Pzena Investment Management reported by the end of the September quarter ownership of about 13.01 million Intel Corporation (NASDAQ:INTC) shares. This was then valued at about $453.18 million, a 21% decrease in the firm’s position in the stock in the second quarter.