"This is not an evolution of the iPhone; this is a revolution of the computer," said Roel Vertegaal, director of the university's Human Media Lab and the creator of the flexible computer.
"This is a new category of computer," said Vertegaal, who has worked on the project since 2004. "What is revolutionary about it is that it has that flexibility, which means that it is very tangible."
Vertegaal's computer can do everything current smartphones can do, with the added advantage of being extremely thin, lightweight and flexible.
Bending the corner of the computer, a user can turn to a new page, or access a program.
"Initially, we thought, well, bending is cool because it hasn't been done before,"Vertegaal said, "but then when we started using it, it turns out to be quite efficient. It's quite a good way of navigating a computer."
Bending the computer is as easy as pushing a button and is much more efficient than how current touch screens operate.
The smartphone market will likely be the first to incorporate the flexible computer technology, Vertegaal said, because the displays are still small.
He said that within about 10 years, the flexible technology could make existing smartphone design obsolete.
Flexible computers make it possible to place computer screens in virtually any object.
Vertegaal described the flexible computer as the third major development in the way people interact with computers.
The first was the cathode ray tube, which made possible the development of the computer mouse, the track ball and the light pen, which are all ways people still interact with computers.
Liquid crystal displays (LCD) changed the way people see things on the computer screen and led to the invention of tablets, such as the iPad, the PlayBook and smartphones that use touch screens.
The new bendable computer adds a new dimension to using the devices.
"Every revolution has caused a major change in the way we interact with computers," Vertegaal said.
"It's the first time computer interfaces will be non-flat. We've been living in flatland. When you think about it, there are no tools that we use that are flat.
"Even paper is not flat because you can fold it," he said.
The bendable computer uses a flexible form of E Ink, similar to the ink used on the Kindle e-reader and favoured because it most resembles ink used on real paper.