Tag Archives: Small Times Magazine

Feb. 1, 2006 — India has proposed cooperation with Singapore in the areas of nanotechnology and biotechnology to benefit the two countries and help tackle some of the major problems of the world.

“We need to explore more areas of expanding our cooperation and in this respect I do believe that there is a very good potential for cooperation in aspects of science and technology, particularly nanotechnology and biotechnology,” President A.P.J. Abdul Kalam said today at a banquet hosted by Singapore President S.R. Nathan in Singapore.

“I am convinced that for entrepreneurs and creative societies like ours, who have placed great faith in using technology for development, opportunities for cooperation are immense. Such cooperation will benefit not only our countries but also the people of the world, in tackling some of the major problems,” Kalam said. He said India looked at cooperation with Singapore as the gateway to larger cooperation with South East Asia, East Asia and Asia Pacific.

Feb. 1, 2006 — New Balance Performance Outerwear, a licensee of New Balance Athletic Shoe Inc., has teamed with Nano-Tex to offer a new, vintage-inspired Circa V outerwear line. New Balance unveiled the Circa V collection at the Outdoor Retailer Winter Market Show, which ended Tuesday in Salt Lake City. The line will be available at retail stores starting in fall 2006.

The line features Nano-Tex Outdoor, a durable water repellency treatment. The technology makes cotton and synthetic fabrics liquid-repellent and stain-resistant. Nano-Tex is headquartered in Emeryville, Calif.

Ener1 adds to its staff


January 31, 2006

Jan. 31, 2006 — Ener1 Inc. made two staff announcements today. Rex Hodge, founder and an executive at Anuvu Inc., will lead Ener1’s EnerFuel operation, effective immediately. Hodge will direct the commercializing of fuel cell technologies. The Fort Lauderdale, Fla.-based company also announced that veteran financial and operating executive Gerard (Jerry) Herlihy has been appointed chief financial officer of Ener1, effective immediately.

Ener1 is an alternative energy technology company. The company’s interests include the wholly owned subsidiary NanoEner, which develops nanotechnology-based materials and manufacturing processes for batteries and other applications.

Jan. 31, 2006 — NanoViricides Inc. (Pink Sheets: NNVC) announced that Jayant Tatake has joined the company as its vice president of research and development. His most recent position was assistant director of analytical chemistry at Interpharm Inc. NanoViricides is a development stage company based in West Haven, Conn., that is creating special purpose nanomaterials for anti-viral therapy.

Jan. 31, 2006 — SurModics Inc. (NASDAQ:SRDX), a provider of surface modification and drug delivery technologies to the healthcare industry, and Donaldson Co. (NYSE:DCI), a manufacturer of filtration systems, have introduced jointly developed extracellular matrix surfaces for cell culture as a research product.

The product line is the result of the relationship the two companies announced in May 2005. The companies combined Donaldson’s nanofiber technology and SurModics’ surface modification technology to create synthetic nanofibrillar cell culture products. The new products are meant to improve cell culture, cell-based bioassays and other in vitro cell-related applications.

Jan. 31, 2006 – For investors, selecting which nanotechnologies to favor over others can be a little like looking into a marble ball to see what the future holds. The European Commission wants to take some of the guesswork out of the equation. That’s why it has invested about $800,000 to draw up a nano roadmap aimed at identifying the technologies most likely to develop into applications by 2015.

“Roadmaps are key to defining Europe’s research policy,” said Renzo Tomellini, head of the nanotechnology unit at the European Commission. “They serve to identify areas of interest and contribute to establishing priorities in future research actions.”

At issue is the European Union’s 7th Framework Program, a research budget of almost $90 billion to be spent on scientific and technological research between 2007 and 2013, $5.8 billion of which is to be allotted to nano projects. Individual European member states and private businesses are expected to invest in projects as well.

The final roadmap was handed to the European Commission in December. It featured three individual nano plans: one on the future of materials, one on health and medical applications and a third on energy. The document of a few hundred pages was a collaborative pan-European effort. Nanotec IT, the Italian Center for Nanotechnology, acted as coordinator, working with groups in France, Germany, the Netherlands, Spain, the UK, the Czech Republic, Finland and Israel. Elvio Mantovani, Nanotec IT’s managing director said the nano roadmap looks only 10 years into the future because it wants to be as accurate as possible.

“Any prediction is difficult, but the farther you look into the future, the less reliable the prediction becomes,” Mantovani said. “A shorter time frame is safer, but still a prediction.”

The partners began the project two years ago by sending a detailed questionnaire to about 350 nano experts worldwide. About 60 percent of them responded. Answers were analyzed and formed the basis of a second questionnaire sent to the same experts for confirmation and further probing. Ottilia Saxl, chief executive of the Scotland-based Institute of Nanotechnology and one of the roadmap partners, said the second round of questioning was crucial to getting an accurate picture.

“There is a tendency for experts working on solar energy to say solar energy will be the most important in the future, those working on wind power will say wind power, and those working on nuclear will say nuclear,” she said, explaining that sending the second questionnaire helped draw up a more comprehensive view of things to come.

The European Union commissioned the roadmap and funded 80 percent of it for its own use. But the document will be publicly available online. The idea is to share the information so that small- and medium-size businesses, research institutions and the public can benefit.

The roadmap isn’t going to add to the strategy of large chemical companies like Degussa or BASF, “because they have people working on this kind of thing internally,” said Laszlo Bax, partner at Willems and Van den Wildenberg, R & D strategic consultants in the Netherlands and Spain and roadmap partners. “But there is a huge number of companies below that mark who need this information and can’t afford to carry it out.”

The roadmap team adopted a pragmatic, application-based approach. Transforming research into marketable products is one of Europe’s top priorities and one of the region’s shortcomings. Europeans are generally good at producing top-notch research and nanotech-related scientific publications. But they haven’t been as effective at transforming this knowledge into products and services, through patents and startups. According to the European Commission, European companies apply for 170 patents a year per million people, compared with 400 for American companies. The EU imports $28 billion more high tech products than it exports.

Large multinational organizations like the European Commission sometimes get flack for spending too much time and energy doing research, instead of focusing their resources on real work. But Bax contends that spending a little bit on research ensures funding is allocated more efficiently. “Any money you invest in research to prune the different aspects of current research is better spent than funding projects with less focus.”

Jan. 31, 2006 — The MEMS Industry Group, a trade association based in Pittsburgh that represents the MEMS and microstructures industries, has released its Industry Report — Focus on Technical and Scientific Challenges to Successful MEMS Commercialization. The report discusses the industry’s success factors, including the increased availability of materials and characterization data, modeling software and improved reliability and performance of MEMS devices. It also covers remaining challenges such as wafer-level packaging and system integration. The report is based on findings at the association’s two annual conferences, the MEMS Executive Congress and its technical conference, METRIC 2005.

Jan. 30, 2006 — BioTrove and RxGen PrimaTox Inc. will collaborate to provide gene expression and assays designed to work equally well in primates and humans, the companies announced today. The collaborations is expected to bridge the gap between pre-clinical and clinical drug safety analysis.

RxGen PrimaTox, which is in Santa Fe, N.M., will supply gene expression assays that have been designed to work specifically and exclusively on BioTrove’s OpenArray nanofluidic platform. The platform allows simultaneous quantitative analysis of several thousand genes by quantitative PCR. BioTrove is headquartered in Woburn, Mass.

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Jan. 30, 2006 – Venture capitalists invested more than twice as much money in U.S. nanotechnology companies in 2005 than they did in 2004, according to a Small Times analysis released today.

The investment amount reflects the maturing of the first generation of nanotech startups that were founded earlier this decade, many of which raised large later stage rounds during 2005.

Nanotech funding hit $434.3 million for 2005, up 121 percent over the previous year’s $196.4 million. The year’s performance set a new record for nanotech funding, according to a Small Times analysis of the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association.*

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Actual funding activity measured by the number of deals that took place during the year was up more modestly, from 45 in 2004 to 51 in 2005.

The large funding figure was fueled by large later stage funding rounds throughout 2005. The year started out strong, led by Nano-Tex, the maker of nano-enabled fabric enhancements, raising $35 million and Aspen Aerogels, which makes thermal and acoustic insulators, raising $30 million.

Investors maintained pace in the second quarter, led by Nanosolar and Neophotonics, each of which raised $20 million. Large rounds tapered off somewhat in the third quarter before picking up again in the fourth, which featured the largest nanotechnology venture deal of the year, Nanosys’ $40 million round.

In the broader category of “small tech,” which encompasses nanotechnology, MEMS and microsystems, 2005 was the first year since 2001 that investors deployed more than $1 billion, investing $1.06 billion in 122 rounds. In 2004, by contrast, the category attracted $865 million in 126 rounds.

U.S. Nanotech VC Funding

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Year No. of deals Dollars invested
1998 5 $16.8 million
1999 7 $44.3 million
2000 9 $171.4 million
2001 21 $119.3 million
2002 41 $212.7 million
2003 34 $301 million
2004 45 $196.4 million
2005 51 $434.3 million

* Small Times has a partnership with PricewaterhouseCoopers under which it performs a quarterly analysis of the MoneyTree survey for the purposes of tracking funding in nanotechnology as well as the broader category of “small tech,” which includes nanotechnology, MEMS and microsystems. Research by David Forman.

Jan. 30, 2006 — Silicon nanowires hold great promise, but the usual method of growing them is poorly understood, says a New York researcher. Excessive cleanliness can actually stunt a nanowire’s growth, reported J.B. Hannon and colleagues at the IBM Research Division of the T. J. Watson Research Center in Yorktown Heights, N.Y.

The team watched the process in extremely clean conditions, and found that atoms of gold from the droplet can migrate over the surface of the growing nanowire, resulting in misshapen structures. In their findings published in Nature online, the researchers suggest the presence of oxygen or perhaps contaminants found under normal manufacturing conditions might be necessary for good nanowire growth.