State funds new 'Token' tech created by RIT grads

ROCHESTER, N.Y. (WROC-TV) - A Rochester-based start-up is getting state money for its ring device that allows people to safely store personal information.

According to its website, the "Token" ring allows users to keep important data safely on their person at all times. The ring can be used for everything from locking your door and starting your car to logging into your email and paying at checkout.

The tech is so impressive that the state says it will provide up to $1.75 million in funds for the company.

“The NYS Innovation Venture Capital Fund targets strategic industries that support advanced manufacturing endeavors statewide," writes Empire State Development President Howard Zemsky. "Investing in companies like these supports the state’s innovation economy and provides support for further development of Token’s cutting-edge security products.”

https://www.tokenize.com/about.php


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