Polaroid Corporation in 2001, its brand and assets were sold off. The "new" Polaroid formed as a result, and itself declared bankruptcy in 2008, resulting in a further sale and in the present-day Polaroid Corporation. In May 2017, the brand and intellectual property of the Polaroid corporation were acquired by the largest shareholder of the Impossible Project, which had originally started out in 2008 by producing new instant films for Polaroid cameras. The Impossible Project was renamed Polaroid Originals in September 2017. The original Polaroid Corporation was founded in Cambridge, Massachusetts, by Edwin Land in 1937. Described by "The Boston Globe" as
Polaroid Originals in February 2008 that it would stop producing film for Polaroid cameras. The founders are Florian Kaps, André Bosman and Marwan Saba. In June 2008, Kaps and Bosman met at the Polaroid factory’s closing event and decided to found a company to produce materials for Polaroid cameras. In October 2008, Impossible bought the production machinery from Polaroid for $3.1 million and leased a building, called Building Noord, which was formerly part of the Polaroid plant in Enschede, Netherlands. The company has offices in Vienna, Berlin, New York and Tokyo. It leased the Polaroid production plant and developed new instant film