Mimetic Solutions, LLC, was founded in 2006 based on work by Dr. Nicholas Peppas (University of Texas) and Dr. Zach Hilt (University of Kentucky). Mimetic Solutions, LLC, is funded and managed by Emergent Technologies, Inc., a venture capital firm specializing in funding, developing and commercializing university-derived technology. Beyond merely providing mechanisms for slower release or better compatibility, Mimetic Solutions is developing true smart release systems that sense the surrounding environment and deliver the right chemical or drug, at the right time and at the right dose.