Sign In
NewsRadar

Misunderstood Nanotech

12 July 2002 10:27
By Tornado Staff

A study, released Thursday by private technology investment group 3i along with the Economist Intelligence Unit and the Institute of Nanotechnology says applications for nanotech are largely misunderstood and investors in the area too shortsighted.

The study includes the opinions of scientists, academics, and industry experts from around the world. It asserts that nanotechnology can contribute to improvements in a variety of areas impacting aspects of people’s lives such as computing, health care, communications, manufacturing, energy and the environment. Nanotechnology is unique in this way, requiring scientists from many different areas to collaborate.

The most successful investments, according to the report, will be in practical applications. Already some of the promising developments improve paints, pigments and coatings for example.

Deep funding will be key to creating successful companies. As evidence of this, strong government funding has helped the US lead in almost every area of nanotech development. Japan and Germany are making strides in the electronic and chemical applications and the UK is a leader in the development of medical and pharmaceutical devices despite modest European government investments.

In order to help the area reach its potential, investors must keep a long-term outlook. ‘Nanotechnology will require sustained investment over a 10 to 20 year period with the support of customers and governments’ says the report.

Startups looking for funding must be crystal-clear about the commercial benefits they can offer. At the same time they must be careful about creating a backlash that nanotech can fix everything.

In order to be successful the report says ‘experts recommend that startups partner with large companies to realize projects they can’t achieve on their own, and bring in people to inject commercial reality into the science.’

Copies of the report: "Size Matters, Building a Successful Nanotechnology Company" are available from 3i on request.



Related stories
Deal activity in Europe: London is back on top (after five years)
Interim score for 2014 deal activity: UK back in pole position
A Top VC’s Silicon Valley Update - Matthew Howard, NVP
Partech Ventures raises €160 million for venture and seed funds
CCI raises funds for its energy storage systems


Up
Data


19,289
Tech investments
From our Online Data Service
12,406
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Jan 23€1.6MBiotechnology
Jan 21€1.1MDatabase
Jan 21N/ABusiness applications
Jan 20€0.6MPayment software
Jan 20€1.8MEnergy related
Jan 19€1.3MBiotechnology
Jan 19€6.7MBiotechnology

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


Jan 23
Minoryx
minoryx raises 1.6m€ in a round led by caixa capital risc

Jan 22
High-Tech Gründerfonds Management
ceramic matrix composites for industrial heat treatment: constantia...

Jan 21
Industrifonden
industrifonden invests in the world’s fastest database

Jan 20
Bluetector
bluetector secures funding to roll out innovative water treatment s...

Jan 20
Goo Technologies
3d web creation tool developer goo technologies announces $2.2m inv...





About usContact usLegal Information
Copyright © 1999-2015
Emerging Technology Research Europe Inc. All rights reserved.