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Nanotech News Round-up
Source: Nano Science and Technology Institute
After Canceling IPO Plans Last Year, Nanosys Raises $40 Million in Private Equity Financing
Nov 09, 2005
Nanosys did not give an explanation for revisiting the IPO route, but
the nanotech company explained that it would use this latest round of
financing to fund development and manufacturing scale-up of products
that have the companyÍs exclusive inorganic nanostructures. Existing
and new investors in the company include ARCH Venture Partners, Intel
Capital, Medtronic, Inc., and Polaris Venture Partners. NanosysÍ
current product development programs include non-volatile memory for
electronic devices, chemical analysis chips for pharmaceutical drug
research, and fuel cells for portable electronics.
BASF to Increase R&D Spending By 18% in 2006; Nanotechnology is Targeted As One of CompanyÍs Growth Clusters
Nov 14, 2005
The German chemicals company plans to increase its R&D
expenditures to more than $1.15 billion eur (appx. $1.2 billion US
dollars). The company also wants to add to its scientific staff,
creating 180 new positions over the next few years. More than
two-thirds of the R&D funds will be allocated to what BASF
identifies as five growth clusters: energy management, raw material
change, nanotechnology, plant biotechnology, and industrial
biotechnology. Nanotechnology R&D is a high priority for BASF; the
company has committed $180 million eur over the next twenty-four months
for nanotech-related research expenditures. The company expects the
end-user nanotechnology market to grow at an annual average rate of
10-15% over the next five years.
Key Players in the Mobile Phone Market Look to Nanotechnology to Keep Them Ahead of Competitors
Nov 11, 2005
Giants such as Nokia and Motorola have been steadily building up
their in-house research groups to increase their research activities in
nanotechnology, and they are also staying on top of nanotech
developments coming out of academic researchers and start-up companies.
Executives at Nokia observe that advances in technology are driven by a
demand to make mobile phones thinner, smaller, and with
multi-functionality. In the near term, the big mobile phone companies
believe that new nanoscale coatings and materials will make thin phones
stronger and more durable. In order to maximize the potential of
nanoscale technologies for mobile devices, however, two challenges need
to be overcome by industry: increasing the memory size of devices so
that they can hold photos, music, and video, and finding a way to power
these complex devices.
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