Peter Wen, a mechanical engineering student at the University of Toronto has designed a universal Allen key set. Called Telehex, it is just half the weight of a conventional kit and significantly less bulk.
Whilst the Telehex was originally designed for cyclists, it is a practical solution for motorcyclists, who share similar space issues on the move.
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Wen has started a Kickstarter campaign to fund large scale production.
For more details:
https://www.kickstarter.com/projects/2009916855/telehex-the-first-universal-allen-key-for-bicycles