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20 Dec 2011 |
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DSM invests in nanotechnology company NanoHoldings, LLC |
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Royal DSM, the global Life Sciences and Materials Sciences company in The Netherlands, has made an investment in NanoHoldings LLC, a company that specializes in breakthrough nanotechnology discoveries in the field of energy. Financial details of the investment will not be disclosed. NanoHoldings, LLC, based in Rowayton(Connecticut, United States), finds, nurtures and commercializes breakthrough Materials Science discoveries through partnerships with world-class universities and their leading scientists. Nanomaterials have very interesting intrinsic mechanical as well as electrical and thermal properties that can be leveraged in a broad range of applications. DSM Venturing invests in start-up companies with a focus on emerging technologies, developments and activities that are strategically important to DSM. Venture capital investing in early stage companies is an integral part of DSM's innovation approach. DSM Venturing is focused on teaming up with innovative players all over the world in order to support DSM's innovation and growth strategy. "DSM has a strong interest in nanotechnology as an important enabler in Materials Sciences and is already working on new developments that make use of this technology." says Marcel Wubbolts, Chief Technology Officer at DSM. "NanoHoldings' unique business provides us with additional open innovation potential in nanotechnology enabling DSM to develop new business opportunities." Innovations that show promise could be further developed outside of NanoHoldings and eventually co-financed through DSM Venturing or possibly acquired by DSM. NanoHoldings' network of universities and scientists, most of them with physics backgrounds and oriented towards applications, is complimentary to DSM's own chemistry-heavy network. "We are really excited to have DSM join us as an investor. Our shared vision of a better tomorrow through development of innovative new materials brought us together," says Justin Hall-Tipping, CEO of NanoHoldings. "DSM's long history of new materials innovation makes them the perfect partner for NanoHoldings. We look forward to being able to leverage DSM's wealth of R&D expertise and experience." NanoHoldings, LLC DSM - Bright Science. Brighter Living.(TM) For more information:
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Press release-pdf |
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