Archive for the ‘Uncategorized’ Category

America COMPETES Reauthorization Act of 2010 Clears the House With Bipartisan Support

Posted on June 10th, 2010 in Uncategorized | No Comments »

On Friday, May 28th at 3:00pm, the House of Representatives passed H.R. 5116, America COMPETES Reauthorization Act of 2010, by a vote of 262 to 150. Included in H.R. 5116 is the National Nanotechnology Initiative Amendments Act http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h5116rh.txt.pdf of 2010. The bill, which has over 100 cosponsors and more than 750 endorsers http://democrats.science.house.gov/Media/file/Commdocs/2010_COMPETES_Supporters.pdf, makes investments in science, innovation, and education to support employers today while strengthening the U.S. scientific and economic leadership to grow new industries of tomorrow, and the jobs that come with them.

I www.vincentcaprio.org would like to provide an outline and highlights of the National Nanotechnology Initiative Amendments Act of 2010.
TITLE I – SCIENCE AND TECHNOLOGY POLICY
Subtitle A – National Nanotechnology Initiative Amendments
SEC. 101. SHORT TITLE.
SEC. 102. NATIONAL NANOTECHNOLOGY PROGRAM AMENDMENTS.
SEC. 5. TRIENNIAL EXTERNAL REVIEW OF THE NATIONAL NANOTECHNOLOGY PROGRAM.
SEC. 103. SOCIETAL DIMENSIONS OF NANOTECHNOLOGY.
SEC. 104. TECHNOLOGY TRANSFER.
SEC. 105. RESEARCH IN AREAS OF NATIONAL IMPORTANCE.
SEC. 106. NANOMANUFACTURING RESEARCH.
SEC. 107. DEFINITIONS.

Over 750 organizations have endorsed the legislation including the U.S. Chamber of Commerce, the National Association of Manufacturers, the Business Roundtable, the Council on Competitiveness, the Association of American Universities, the Association of Public and Land-grant Universities, the NanoBusiness Alliance, the National Venture Capital Association, TechAmerica, the Biotechnology Industry Organization, the American Chemical Society, and others, including nearly 100 universities and colleges.

“If we are to reverse the trend of the last twenty years, where our country’s technology edge in the world has diminished, we must make the investments necessary today,” said Chairman Bart Gordon http://gordon.house.gov/ (D-TN). “The path is simple. Research and education lead to innovation. Innovation leads to economic development and good paying jobs and the revenue to pay for more research. And as private firms under-invest in research and development because the returns are too far off in the future, there is a clear and necessary role of government to help our nation keep pace with the rest of the world.”

To maintain a pipeline of ideas, the bill puts basic research programs on a path to doubling authorized funding levels over ten years at: the Department of Energy Office of Science, the single largest supporter of research in the physical sciences in the U.S.; the National Science Foundation, which supports fundamental research and education in all the non-medical fields of science and engineering; and the National Institute of Standards and Technology labs, which conduct research to advance the nation’s technology infrastructure and support industry.

The bill will help foster innovation in new energy technologies by: reauthorizing the Advanced Research Projects Agency, which is pursuing high-risk, high-reward energy technology development; and authorizing Energy Innovation Hubs, which are multidisciplinary collaborations with a single technological focus that currently presents a critical barrier to achieving our national energy innovation goals.

The bill supports local efforts to form Regional Innovation Clusters, which will strengthen regional economies and advance the work done in a given field by leveraging collaboration and communication between businesses and other entities.

The bill addresses immediate needs by creating Innovative Technology Federal Loan Guarantees to help small- and medium-sized manufacturers access capital to make necessary updates to become more efficient and stay competitive.

The bill will also assist industry by ensuring that the Manufacturing Extension Partnership program at National Institute of Standards and Technology (NIST) better reflects the needs and challenges facing manufacturers today. In addition, the bill reorganizes NIST labs to reflect the multidisciplinary nature of technology and better meet the needs of industry in the 21st century.

The bill also will help improve science, technology, engineering, and math (STEM) education by reauthorizing the Noyce scholarships, which help give K-12 teachers a strong grounding in their fields, so they can more fully engage students. The bill also addresses coordination of STEM activities across the federal government, and improves STEM education at the undergraduate, graduate, and post-doctoral levels.

“Throughout the Committee process, there was a lot of legitimate discussion about federal deficits. I agree that we must address the challenges presented by our deficits, but we must also invest in our country’s future. I remember Newt Gingrich saying one of his greatest regrets was not doubling the funding for NSF when he put NIH on the doubling path,” said Gordon. “During committee consideration of this bill, we made some significant changes to the bill’s authorization levels – cutting them by over 10 percent. Though we will maintain a doubling path for our research accounts, we do so on a slightly less aggressive trajectory.”

“As I’ve said before, this bill is too important to let fall by the wayside. Today, we took the action necessary to see consideration of this bill completed. And we allowed the Members of the House to be on record voting on provisions gutting funding for our science agencies, voting on whether we should eliminate programs that will help create jobs, voting on whether to eliminate programs that will make us more energy independent, voting in opposition to federal employees watching pornography, and voting on whether universities that ban military recruiters should receive federal research dollars. We have provided all Members, in a reasonable manner, with the ability to vote on each of these items separately instead of all together,” said Chairman Gordon.

For more information on the Committee’s work on COMPETES please visit website http://science.house.gov/default.aspx.

I would like to thank Chairman Gordon and the Committee for their vision for America.

Regards,

Vincent Caprio “It’s Green, It’s Clean, It’s Never Seen – That’s Nanotechnology”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

Water Innovations Foundation Salutes the 100th Anniversary of the birth of Jacques Cousteau

Posted on June 10th, 2010 in Uncategorized | No Comments »

Friday, June 11th is the 100th Anniversary of the birth of Jacques Cousteau http://www.notablebiographies.com/Co-Da/Cousteau-Jacques.html and we would like to highlight activities celebrating the life of this legend.

Fabien Cousteau http://www.fabiencousteau.org/, third generation ocean explorer, documentary film maker, environmental ambassador, grandson of Jacques Cousteau and Water Innovations Foundation http://www.wif.tallyfox.com/fabien-cousteau-0 Advisory Board member, is launching a nonprofit organization in June called PLANT A FISH. Its core mission will focus on engaging and educating local communities and children toward the restoration efforts of their local marine environments. The lessons that participants will learn about nature and sustainable living are relevant everywhere. Initial programs include the planting of 1 billion oysters in New York City’s Harbor, 1 billion sea turtles in El Salvador and 1 million mangroves in Florida.

Fabien is planning a PLANT A FISH reception http://www.fabiencousteau.org/index.php?s=26 on Monday, June 7th in Washington, DC in celebration of his grandfather’s 100th birthday. I will be attending this special event. Please consider donating to this worthy cause.

Of note, Turner Classic Movies (TCM) will be airing a special event beginning on June 11th called, Under the Sea: Celebrating the 100th Anniversary of Jacques Cousteau’s birth http://www.tcm.com/thismonth/article/?cid=309185. The Cousteau birthday itself, June 11, includes a twenty-hour marathon of documentaries in which he participated. All are TCM premieres, including six episodes of The Undersea World of Jacques Cousteau dating from 1968 to 1974, and twelve episodes of The Jacques Cousteau Odyssey, an Emmy-nominated 1977 television series featuring the research adventures of the man called “the public conscience of mankind’s stewardship of our oceans.” Also premiering is an award-winning documentary about Cousteau. Jacques Cousteau: The First 75 Years (1986), directed by John Soh and narrated by Jose Ferrer, documents the explorer’s life from birth and childhood to his 75th birthday.

Please join me in the celebration of the life of Jacques Cousteau and in supporting Fabien’s vision of PLANT A FISH.

Regards,

Vincent Caprio
Chief Operating Officer
Water Innovations Alliance
203-733-1949
vince@waterinnovations.org

NanoBusiness Interview – Ajay P. Malshe, Co-founder & CTO, NanoMech, LLC

Posted on June 1st, 2010 in Uncategorized | No Comments »

I www.vincentcaprio.org have just returned from Denver at our 3rd annual Nano Renewable Energy Summit www.nanoenergysummit.org. I would like to share a video http://www.youtube.com/watch?v=3MORetnfixQ of the conference.

In this month’s interview, we talk to Ajay P. Malshe. He is the Co-founder and Chief Technology Officer of NanoMech LLC (http://www.nanomech.biz). NanoMech LLC is a nanotechnology innovations platform company with major current nanomanufacturing and product foci in four application sectors. These sectors are Machining (ex. TuffTek®) and Lubrication (NanoGlideTM), Sustainable Retail Packaging (Guard-In-FreshTM), Biomedical and Defense. NanoMech is creating world class innovations and innovations based hi-tech job opportunities in Arkansas and US, at large. Ajay has received thirty one awards and recognitions for research, education and service achievements (1996-2010). The most recent prestigious recognitions, Frost & Sullivan 2005 Technology Excellence Award and 2006 Top 25 Micro and Nano Innovations from R&D Magazine and Micro/Nano Newsletter are due to his team’s innovative contributions in the area of cBN-TiN nanocomposite coating and other related products. He is a Fellow of American Society of Mechanical Engineering (ASME) and a Fellow of Institute of Physics, London, UK and is listed in Lexinton’s Who’s Who and Marquis Who’s Who America.

Ajay is also 21st Century Endowed Chair Professor of Materials, Manufacturing Processes and Integrated Systems at the Department of Mechanical Engineering and adjunct-faculty of Micro Electronics and Photonics Graduate Program at the University of Arkansas. He is the Director of the Materials and Manufacturing Research Laboratories (MMRL; a cluster of 5 laboratories). Malshe has multidisciplinary research programs in the fields of nanomanufacturing, IC, MEMS and micro and nano device packaging and integration, and surface engineering for advanced machining. He has authored over 200 plus peer reviewed publications, 10 books / chapters, and holds 9 patents (4 licensed to industries). He has graduated over multiple graduate students, trained numerous post-doctoral fellows, and provided research experience to several undergraduate and high school students and school teachers. He has an extensive track record of global collaborations with academic institutions and companies. He is a member of professional societies such as ASME, SME, IEEE, MRS, ASEE and IMAPS.

In this interview, we talk to Ajay about NanoMech and his vision for nanotech in the decade ahead. We hope you enjoy it. – Steve Waite

SW: Great to speak with you today, Ajay. Thanks for taking time out of your busy schedule to speak with us. How are things coming along at NanoMech?

AM: It is a very exciting time and we are very busy. We are building and strengthening the company through investments in people, ideas and tools, in that order, to create a truly world-class enterprise. What that means is that we are bringing on new talent, from a world-class executive team including our recent hiring of Keith Blakely as CEO to eager and skilled young engineers, manufacturing, and administrative staff, all of whom are focused on our corporate mission of bringing truly innovative and exciting technologies into the commercial marketplace. Not a week goes by that we aren’t involved with major industrial customers and partners to create high value nano-enabled product solutions. As importantly, we are excited and having fun making the transition from an R&D company to a profitable high tech commercial enterprise.

SW: NanoMech’s business strategy is based on a concept you refer to as the Innovation Pipeline. Tell us about the concept and how it guides the company.

AM: The idea of Innovation Pipeline is perhaps a bit more than the words describe. We aren’t just talking about a linear sequence of taking ideas from a laboratory setting to a feasibility stage and then further refining them to achieve alpha, beta, and finally commercial products. Instead, our “pipeline” is perhaps better thought of as a matrix; a combination of vertical and horizontal parallels fed by exciting work being done in academic and laboratory settings by students and postdocs (like multiple springs of water feeding into a lake to keep the freshness of water that provides life to marine animals and plants) and then examined and applied across a range of important markets by our engineering and business teams. We have found that in this way, we can work on innovations that may have a runway of two to four years from idea (“lightning in the bottle”) to a commercialized product (“light bulb”) while simultaneously investing in and establishing important and protectable technology platforms for broad market applications, addressing global problems. It is critical that we then align the developments and commercialization road maps of these innovations using strong interactions with customers and partners to ensure that we deliver what the market needs and in a timeline and at economics that are appropriate. This allows us to stay both properly focused and at the same time, continuously deliver new innovations and products. With this approach, we believe NanoMech will achieve great results in the near-term and remain strong in the years to come.

SW: NanoMech has four areas of focus in terms of business activity: Machining/Coatings, Lubrication, BioMedical/Defense technologies and Retail Packaging. Give us some perspective on NanoMech’s Machining technology and business opportunities you are seeing in the market today.

AM: Manufacturing is, in my opinion, core to the success of any country and a major driver and source of innovation. One of the central processes in most manufacturing – either directly or indirectly – is machining. Current technologies are making materials strong and durable and demanding higher productivity but with increased consciousness on environmental safety and energy efficiency. We achieved a breakthrough innovation at NanoMech in what we refer to as our TuffTek® coating for cutting tools to machine steels and other related alloys. Steel and related alloys are at the heart of uncounted application areas spanning from heavy earth movers to equipment used in oil and gas exploration and production to automotive and aerospace industries – just to name a few! The most efficient machining of hardened steel is best accomplished using a man-made material called cubic boron nitride (cBN). TuffTek® is world’s first cBN composite coating that has been successfully applied to a wide range of cutting tool insert geometries. This came out of my academic research at the University of Arkansas at Fayetteville. The product is manufactured using a patented platform technology that we believe will be disruptive in the area of nanomaterial coatings. Being the first with successful cBN coating in the market is a competitive advantage. We are finding great interest from major customers (and competitors) looking to take advantage of the performance and economic benefits that TuffTek can provide. Our hope is that the TuffTek innovation can be rapidly assimilated in a traditionally conservative cutting tool market and NanoMech is forging a broad range of partnerships and commercial arrangements to make this happen. In the pipeline of TuffTek innovations we have aligned a series of products based on new chemistries for coating, designs of tools and other parameters. But again we are balancing the act of laser focusing and keeping an eye on the future, to make sure revenue is king!

SW: What kind of research and commercial activities do you see in the Lubricants business for NanoMech?

AM: Lubricants are another key building block of the manufacturing infrastructure in the US and other countries. In fact, the Department of Energy has reported that in industrialized nations, the annual cost of friction and wear related energy and material losses is estimated to be between 5 and 7% of their gross national products. In the US, that represents nearly $1 trillion per year! So as we are building a Green Economy, focusing on ways to reduce energy losses is as equally important as building new sources to harvest energy. As we have learned over years, current lubricant chemistries are largely at their limit and, in many cases, represent challenges to the environment as well. NanoMech’s innovation in lubrication is a product called NanoGlide®; a multicomponent chemistry system delivering new lubrication characteristics based on molecular design considerations and which can be delivered in the form of an additive, a grease or a spray. As we begin to design and deliver particles of functionalized lubricants with many of the chemical groups in the nanometer size range, our classical way of thinking about solids versus liquids is challenged. Today, we are focused on commercializing the product through installation of our initial phase-I pilot production unit, while working closely with strategic customers and setting up a desired supply chain. Again this innovation is founded on a simple but powerful patent pending manufacturing platform. The pipeline of NanoGlide® innovations will offer application specific chemistries and forms. This breakthrough really came about to address a timely need when my students and I could not find a source where we could buy a “bucketful” of nanoparticles of lubricant chalcogenides for a funded project at the University of Arkansas… “need is mother of invention!”

SW: What type of work is NanoMech doing in the Biomedical/Defense area and what is the commercial potential of the work?

AM: The cross pollination of platform innovations and continuous infusion of new innovations is one of the strengths of NanoMech and as the Founder and CTO I cherish that dearly. As an evidence of this, in the biomedical area we are working on developing multifunctional coatings and surfaces for biomedical implants to provide better health care and this is realized using one of the core platform IPs of NanoMech from the development of TuffTek®. For the defense sector, we are exploiting a combination of our current IP platform and infusing new IP to make body armors smarter to protect our troops fighting in harsh and asymmetric combat conditions. These are some of the major breakthroughs in the product pipeline and we will have formal product announcements and launches in due course. The somewhat sensitive nature of these markets makes it difficult to describe them publicly at this time.

SW: The retail packaging business seems like it has a lot of upside. What is NanoMech working on in this area?

AM: NanoMech, unlike many nanotech businesses, was founded in the middle of the country, in what some people refer to as “Wal-Mart country”, where Wal-Mart and other business like Tyson Foods and JB Hunt are great role models of entrepreneurship; not unlike Google, Microsoft and others on the west coast. Being in the retailing, food and transportation hub of the US, NanoMech is aggressive in helping and promoting innovations to address problems faced in these industries and building ties to such opportunities. NanoMech’s work in this area is also a great example of building global partnerships, where IP is developed jointly with innovators from India and the US, in one of the cases. At this time, our focus is on building strategic partnerships where we will be addressing and easing particular “customer pain” in these markets.

SW: NanoMech recently brought on former NanoDynamics CEO, Keith Blakely, as CEO. We were pleased to see this move. What kind of qualities does Keith bring to NanoMech that made him attractive?

AM: NanoMech was founded in 2002 and had gone through Phase I in nucleating some initial key IPs and building product prototypes like other early stage “garage innovators”. After that initial period of innovation and having established some confidence in our technologies and some early customer successes, the company was poised to begin the second phase of its growth model. Investment in the right People, Ideas and Tools is at the heart of that road map. In 2009, we conducted a national search to find an experienced, accomplished, and recognized leader who could drive the NanoMech bus in the right direction and help the organization by putting appropriately skilled people in the appropriate seats. In Keith we saw a unique blend of energy, passion, technical knowledge, business experience and communication skills. Since joining us, the company has undergone a major transition and is poised to take full advantage of the investments made over the last eight years. Today at NanoMech we have more than a century’s worth of collective managerial experience in the areas of technical innovation, nanomaterials, corporate finance, marketing, and commercial operations. I am delighted to have the opportunity to work with such a terrific team and have fun in building a world-class business.

SW: NanoMech is based in Arkansas. What are the advantages being based in that state for a company engaged in nanotech research, development and commercialization?

AM: Over the years, Arkansas gave the US and the world, skilled and accomplished figures such as Sam Walton, President Clinton, Senator Fulbright, known for international scholarships, Don Tyson, JB Hunt, and many others. So leadership and entrepreneurship are in the blood of the state. Combining the opportunities in retailing, food and transportation with product enhancements due to nanomaterials and manufacturing process innovations is a potent combination and one that we believe will offer explosive growth with tremendous upside. There are very few environments where similar combinations exist. This, combined with significant strategic investment in nanoscience, engineering and entrepreneurship by the University of Arkansas and the State and community leaders, is the best alignment of stars that one might expect. The State is eager to build a technology based economy to add to the blend of current economic drivers. Remember that in every century innovations in materials delivered new products and that is what we expect from nanomaterials here in Arkansas. I call that a real “stimulus.”

SW: NanoMech has a relationship with the University of Arkansas. What is the role of academia and universities in nanotech innovation in the decade ahead?

AM: In the age where innovation and product lifetimes – from just a flash of lightning in the bottle (idea) to a ready-made light bulb and LED light (commercial product) – is often measured in years not decades, Universities are a critical source of new knowledge, skilled work forces, and new product ideas. In this way, they have tremendous opportunities in this century to be economic engines. For example, the University of Arkansas has exactly realized this opportunity and in partnership with the state and business leaders has put together an infrastructure to create, what I call “innovation supply chain,” certainly in the nanotechnology area. Teams of world class researchers and educators like Professor Greg Salamo and others are building a Nano Science and Engineering Center on the foundation of already a national success of numerous nanotech breakthroughs and company spin offs. Senator Pryor and other members of the state delegation, Governor Beebe and their staff, the University’s past and current administration led by Chancellors White and Gearhart, respectively, and many business leaders have provided their expertise to build significant innovation and enterprise centers and to attract the best workforce and facility. Agencies like Accelerate Arkansas, led by career entrepreneurs like James Hendren and Jerry Adams, are connecting dots in the state for networking. And Who’s Who of National Entrepreneurs like Jim Phillips, Keith Blakely, Clete Brewer and others are investing their time and funds in these growing companies. Today, NanoMech is an integral part of this vibrant growth in the state. NanoMech is a spin-off from the University of Arkansas in 2002 and is an example of what I described above.

SW: We’ve been talking to other nano researchers about the concept of matter as software of the 21st Century. Do you see nanomaterials becoming software in the years ahead?

AM: It is an important observation that from Stone Age to Copper and Bronze age to Golden age to last, which was the Silicon age, innovations in materials inspired innovations in new products for improving the quality of life for people. For example, without innovation in silicon material, there would be no Internet today and everything that follows – Google, Facebook, iPhones, etc.! Every material can be engineered in three ways: chemistry, structure and form. Nanoscale is a powerful dimension for engineering new materials with high precision and it is not limited to only one type of material. So imagine in front of you a 21st century tool box of nano scale chemistries, nano scale structures, and nanoscale forms (1D, 2D and 3D) allowing you to engineer metals, ceramics, semiconductors, polymers and their combinations. You quickly realize you have just put together an ensemble of infinite but realistic possibilities to tailor new materials and products across various business sectors from energy to transportation to defense to retailing to food and others. It is important to note that with global population on the rise, and natural resources being limited, we will need abilities to conserve materials, allow less usage, higher productivity and conduct life functions in the most sustainable ways. Nanoengineered materials precisely address that need for the growing global demands. In fact, I would like your readers to note another key observation that “without the success of advanced materials like nanomaterials there is little or no success of new green technologies, for example in the areas of pure water and air quality or energy conservation and production.”

SW: There has been a lot of discussion about the environment, health and safety of nanomaterials, and nanotechnology, in general. What’s your view on this issue?

AM: With every new innovation there is a new responsibility. It was true in the Stone Age and it was true in the Silicon Age and it will be true in this Nanomaterials Age. I view consciousness of the nanomaterials supply chain, awareness and education to gain the respect of the society, due diligence and good business practices by industries and government providing proper funding support to generate credible data, particularly to small growing companies, as vital. These views and actions are at the heart of applying successful measures to avoid perceptions and use facts for unleashing myriad opportunities offered by nanomaterials in numerous sectors for enhancing the quality of life and creating well paid jobs for the growing population. The key is that we create the balance between brilliant and rapid growth in nanotech and nanomaterials and products, with the pace of developing facts on EHS for these products, as otherwise we have not yet learned important lessons from the past.

SW: You believe that nanotechnology can play an important role in bringing manufacturing back to the United States. Can you tell us why you believe this?

AM: Economic engine sits on a three legged stool: innovation, manufacturing and service. In the last decades, as a country in zeal of seeking “good, fast and cheap” products, we shipped lot of parts and portions of these legs out of the US. In this process, the rest of the world has learned a lot of skills from the US. But one fact that we forgot was that “need is the mother of inventions and innovations.” One experiences needs when you make something and when you serve something. When manufacturing is exported, and service is partly exported, I am not sure we are experiencing needs which will keep pipeline of scientific inventions and engineering innovations coming back and refueling us to keep us competitive globally. In this complex global scenario, I believe the US cannot afford, and must support scientific nanotech discoveries and inventions, as well as equally and effectively support their engineering demonstration and manufacturing for creating real stimulus for job creation. The US has long been the beacon for innovation and creativity. I strongly recommend that in nanomaterials and nanomanufacturing we do not stop only at funding science but also fund major efforts in engineering and manufacturing where the fruits of such efforts will be rapidly realized and help to reestablish the US in global competition as the best place to do business – at all levels.

SW: How do you see nanotechnology in the U.S. versus the rest of the world? Do you see the competitive position of the U.S. in nanotechnology strengthening or slipping in the future?

AM: I believe that the US should preserve its “risk taking” culture in the arena of innovation and allow for rapid growth in the nanotech space. US Universities are still world class and are creating nanotech inventions and innovations. However, the rest of the world is adopting this culture and time is not our ally. We must focus on the model of creating new value added products, technologies, and services while keeping a certain level of effort in commoditized technologies as well so that the pipeline of nanotech innovations will keep the pond of our national economy fresh and vibrant.

SW: One last question, Ajay. What are the most important business lessons you have learned since launching NanoMech?

AM: Value People, Ideas and Tools in that order; hire the best people in what they do and make sure they are in the right seat so they can be happy in delivering their best and are successful in their careers. In such a situation, the entire organization achieves success while delivering both harmony and growth! Last but not the least, always remember that “time will never come back and the only constant is change.”

SW: Thanks again for your time today, Ajay. We wish you and colleagues at NanoMech all the best in the future.

Thank you Ajay and Steve for sharing this information with our Nanotechnology Community.

Regards,

Vincent Caprio “It’s Green, It’s Clean, It’s Never Seen – That’s Nanotechnology”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

2010 NIST Technology Innovation Program Opportunities for the Nanotechnology Community

Posted on May 28th, 2010 in Uncategorized | No Comments »

The National Institute of Standards and Technology www.nist.gov asked me to make sure that NanoBusiness Alliance members are aware of an important funding opportunity. Through July 15th, NIST is accepting proposals for the 2010 Technology Innovation Program.

The TIP program is designed to address societal challenges by supporting technology innovation in areas of critical national need. Individual companies can receive up to $3M over 3 years, which can support up to 50% of the direct costs of an R&D project. Joint ventures involving two or more companies, universities, or research laboratories are eligible for even larger awards, up to a maximum of $9M over 5 years (again with a minimum 50% of cost sharing).

Last year, NanoBusiness Alliance members and other nanotechnology companies responded enthusiastically to the TIP program call for advanced manufacturing concepts. They were rewarded with 6 funded projects in the application area Process Scale Up, Integration and Design – Nanomaterials.

NIST expects to give out approximately $25M in new awards in the 2010 TIP competition. The overall theme is Manufacturing and Biomanufacturing: Materials Advances and Critical Processes. There are three subtopics:
1) Process scale-up, integration, and design for materials advances
2) Predictive modeling for materials advances and materials processing
3) Critical process advances related to the manufacturability of materials and the manufacture of both new and existing products
Nanomaterials are called out as an area of interest in all three areas (along with superalloy and smart materials, composites, ceramics, and glasses).

For more detailed information on the 2010 NIST call for TIP proposals, all of which are available on the TIP website, see the following:

White paper http://www.nist.gov/tip/cur_comp/upload/manufacturing_biomanufacturing_matls_adv_crit_proc_04_2010_wp.pdf

PowerPoint presentation by TIP managers http://www.nist.gov/tip/upload/2010_pc_slides_final_gburgweb.pdf

Formal call for proposals http://www.nist.gov/tip/cur_comp/upload/2010_ffo_competition_0410.pdf

NanoBusiness Alliance members may want to discuss another recently announced federal funding opportunity with fellow technology innovators in their state or region. The Department of Commerce, through the Economic Development Agency, is teaming up with the National Science Foundation and the National Institutes of Health in a new program called the i6 Challenge http://www.eda.gov/i6FAQs in order to encourage groundbreaking approaches to innovation and entrepreneurship. EDA will provide up to $1M in funding to 6 regional teams. Eligible NSF or NIH SBIR awardees http://www.eda.gov/i6sbir (Phase II or Fast Track) participating in a team can receive an additional $100,000 – each of the 6 winning teams could potentially receive $2M. A minimum $500,000 non-federal match is required. This program also has a July 15th deadline, but letters of intent are required by June 15th so read the full program announcement http://www.eda.gov/PDF/i6%20Challenge%20FFO%20FINAL%204-30-10.pdf and talk to your potential teammates ASAP.

Regards,

Vincent Caprio “It’s Green, It’s Clean, It’s Never Seen – That’s Nanotechnology”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

Save the Angels Conference Call, Mon 5/17, 2PM EST – Dayton Water Conference Review

Posted on May 18th, 2010 in Uncategorized | No Comments »

Mark Modzelewski and I have returned from our successful www.daytonwaterconference.org 1st Annual Dayton Water Conference. Here are a couple of articles from the event:

Water protection a hot topic at first Dayton Water Conference
http://m.daytondailynews.com/dayton/pm_20555/contentdetail.htm;jsessionid=0CB1A8269239608C68A5A58A7986876C?contentguid=NYXZRam7

Water Attracts Business To Miami Valley
http://www.whiotv.com/money/23521325/detail.html

This week at our Dayton Water Conference the subject of capital formation for emerging water technology companies was discussed. Paul R. Stimers, Associate with K&L Gates and Public Policy Advisor for the Water Innovations Alliance would like to share with our Water Community the following information:

“Good morning; we have heard from many of our technology and investing clients that they are deeply concerned about provisions in Senator Dodd’s Wall Street Reform Bill (S. 3217). As VentureBeat reported <http://venturebeat.com/2010/03/26/angel-investing-chris-dodd/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Venturebeat+%28VentureBeat%29>, the bill would severely harm startup companies and angel investors:

‘First, Dodd’s bill would require startups raising funding to register with the Securities and Exchange Commission, and then wait 120 days for the SEC to review their filing. A second provision raises the wealth requirements for an “accredited investor” who can invest in startups – if the bill passes, investors would need assets of more than $2.3 million (up from $1 million) or income of more than $450,000 (up from $250,000). The third restriction removes the federal pre-emption allowing angel and venture financing in the United States to follow federal regulations, rather than face different rules between states.’

The bill is moving fast: only about two weeks remain before the Senate votes on it. After that, we would have one final opportunity to change its provisions in the conference between the House (which has already passed a version without these provisions) and the Senate.

We believe that an ad hoc coalition composed of a wide range of technology and angel investment groups can fix these provisions – but we must act quickly to set up the coalition and reach out to the Hill. To that end, we are organizing a telephone conference for representatives of technology organizations and angel investor groups (and individual investors) to form a “Save the Angels” coalition and develop an action plan.”

You are invited to participate in this initial telephone conference, which will be held Monday, May 17, at 2:00 p.m. Eastern. Call-in information is as follows:

Dial 877-336-1280
Access code 4612397

Please pass this invitation on to others who would be interested. With your help, we can protect startups and angels from these devastating restrictions.

I would like to thank all the speakers, sponsors and attendees who made our 1st Annual www.daytonwaterconference.org Dayton Water Conference a great success. I look forward to your participation on the call.

Regards,

Vincent Caprio
Chief Operating Officer
Water Innovations Alliance
203-733-1949
vince@waterinnovations.org

Save the Angels Conference Call, Mon 5/17, 2PM EST – NRES, May 24-25th, Denver

Posted on May 18th, 2010 in Uncategorized | No Comments »

Our Nano Renewable Energy Summit www.nanoenergysummit.org is only 10 days away and I will be discussing capital formation for startup emerging technology companies. Paul R. Stimers, Associate with K&L Gates and Public Policy Advisor for the NanoBusiness Alliance would like to share with our Nanotechnology Community the following information:

“Good morning; we have heard from many of our technology and investing clients that they are deeply concerned about provisions in Senator Dodd’s Wall Street Reform Bill (S. 3217). As VentureBeat reported <http://venturebeat.com/2010/03/26/angel-investing-chris-dodd/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Venturebeat+%28VentureBeat%29>, the bill would severely harm startup companies and angel investors:

‘First, Dodd’s bill would require startups raising funding to register with the Securities and Exchange Commission, and then wait 120 days for the SEC to review their filing. A second provision raises the wealth requirements for an “accredited investor” who can invest in startups – if the bill passes, investors would need assets of more than $2.3 million (up from $1 million) or income of more than $450,000 (up from $250,000). The third restriction removes the federal pre-emption allowing angel and venture financing in the United States to follow federal regulations, rather than face different rules between states.’

The bill is moving fast: only about two weeks remain before the Senate votes on it. After that, we would have one final opportunity to change its provisions in the conference between the House (which has already passed a version without these provisions) and the Senate.

We believe that an ad hoc coalition composed of a wide range of technology and angel investment groups can fix these provisions – but we must act quickly to set up the coalition and reach out to the Hill. To that end, we are organizing a telephone conference for representatives of technology organizations and angel investor groups (and individual investors) to form a “Save the Angels” coalition and develop an action plan.”

You are invited to participate in this initial telephone conference, which will be held Monday, May 17, at 2:00 p.m. Eastern. Call-in information is as follows:

Dial 877-336-1280
Access code 4612397

Please pass this invitation on to others who would be interested. With your help, we can protect startups and angels from these devastating restrictions.

I look forward to your participation on the call and hope to see you in Denver www.nanoenergysummit.org May 24th-25th.

Regards,

Vincent Caprio “It’s Green, It’s Clean, It’s Never Seen – That’s Nanotechnology”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

Nano Renewable Energy Summit, May 24-25, Denver – VIP Tour of NREL

Posted on May 12th, 2010 in Uncategorized | No Comments »

Our 3rd Annual Nano Renewable Energy Summit www.nanoenergysummit.org is only 20 days away. Please reserve space today vincentcaprio@nanoenergysummit.org for our VIP Tour of the National Renewable Energy Laboratory (NREL), located in Golden, CO. The fee for the Conference is $200 for non-members and complimentary for NanoBusiness Alliance Members.

Our Agenda http://www.nanoenergysummit.org/program.php will be focused on battery and solar technologies.

Speaking of batteries, I would like to share with you an article written by Jim Motavalli titled, “Nanotechnology is Quietly Transforming Electric Car Batteries.”

“Nanotechnology” has been a brave new world buzzword for a decade, but its many applications in clean technology – from solar panels to EV batteries – are just now emerging. A new report from Lux Research sees a $29 billion clean tech nanotech market in 2015.

Much of the reporting on nanotech to date has focused on its use in such everyday products as extra-tough tennis rackets, Eddie Bauer’s Nano-Care comfort-waist corduroy pants, sunscreen and high-tech sunglasses. And it’s also zeroed in on the dangers of nanotech run amok. Reporters famously raised the possibility of minuscule self-replicating machines turning the planet into “grey goo,” but that idea http://nanotechweb.org/cws/article/indepth/19648 has been dismissed even by the guy who raised it in the first place.

“Most of the lower-quality, me-too ventures have exited stage left,” said Peter Hébert, co-founder and managing partner of Lux Capital, which invests in energy technology (Lux Research is a spinoff, founded in 2003). “A handful of segment leaders have consolidated their positions (both large corporations and start-ups). Throughout this winnowing process, we’ve seen great leaps forward in the commercialization of nanoscale science and technology.”

“Nano” just means small (as in the $2,500 Tata Nano microcar sold in India), and nanotechnology is the engineering of functional systems at the molecular scale. Why work with such tiny things? Because many common substances have different and useful properties when reduced in size. Nanoparticles are in sunscreen, for instance, because on the nanoscale its active ingredient is clear instead of white – no more white noses. In clean-tech applications such as electric car batteries, nano can optimize chemical reactions to offer more range and energy density.

Here’s a database of nanotech products now on the market.
http://www.nanotechproject.org/inventories/consumer/

Nano-enabled solar cells from companies like Gratzel PV, Solarmer Energy and Konarka hold promise, Lux says. In the auto space, there are opportunities in batteries, fuel cells and supercapacitors.

One company that is making some headway with nano batteries, says Lux, is A123, which went public successfully last year and is the supplier not only to Fisker Automotive for its high-performance Karma plug-in hybrid but also to Better Place in its ongoing switchable battery demonstration for taxis in Tokyo.

The nanotech breakthrough http://www.a123systems.com/a123/products in A123 batteries, developed at MIT, http://thinkorthwim.com/index.php?tag=electric-cars changes the lattice structure of iron phosphate atoms to improve the conductivity of the company’s relatively inexpensive iron phosphate cathode, enabling more charge cycles.

Nanotech-now.com called A123 http://www.nanotech-now.com/columns/?article=227 “a ‘perfect storm’ company – nanotech, global warming, energy storage, batteries, green, high fuel prices, pressure for electric and hybrid car energy storage improvements, electrical grid storage…manufacture in China – all make A123 the right company in all the hot investible spaces.”

Nanotech helps companies cut production costs. According to Vincent Caprio, executive director of the NanoBusiness Alliance, “Much of the success A123 will enjoy in the future will be linked to how well the company executes on the manufacturing side. The relatively high cost of li-ion technology is an impediment to mass-market penetration.”

It’s a growth industry. “There will be huge opportunities in energy storage – both for batteries and ultracapacitors,” says Hébert. “There are a number of venture-backed start-ups dramatically changing the industry’s economics. We’ve definitely moved beyond Dockers stain-proof pants and nano-enabled suntan lotion.”

Hebert also cites http://www.vincentcaprio.org/nanobusinessnyc-april-20th-nba-interview-peter-hebert-co-foundermanaging-partner-lux-capital Nanosys, which developed a proprietary additive for lithium-ion batteries (reportedly increasing capacity 30 percent), Electrovaya (nano-enhanced battery technology, developed in partnership with Exxon) and Contour Energy Systems.

A conference on nanotech applications in renewable energy takes place in Denver May 24-24. Here are the details www.nanoenergysummit.org.

NANO NEWS

Global Regulation of Nanotechnologies Conference
May 7-8, Northeastern University School of Law, Boston, MA
http://www.northeastern.edu/law/academics/conferences/nano-conference/

Rewards and Risks of “Green:” Where Innovation Is Meeting Investment
Green Energy webinar series beginning on Tuesday, May 11th
http://www.foley.com/news/event_detail.aspx?eventid=3287

MIT researchers print solar cell on paper
http://news.cnet.com/8301-11128_3-20004170-54.html?tag=nl.e703

QD Vision’s Quantum Light(TM) Optic Wins Silver at Edison Best New Products Awards
http://www.marketwatch.com/story/qd-visions-quantum-lighttm-optic-wins-silver-at-edison-best-new-products-awards-2010-05-03?reflink=MW_news_stmp

Nanoscience may help cancer researchers
http://www.upi.com/Science_News/2010/05/03/Nanoscience-may-help-cancer-researchers/UPI-89121272910653/

I look forward to seeing you in Denver.

Regards,

Vincent Caprio “It’s Green, It’s Clean, It’s Never Seen – That’s Nanotechnology”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

NbA Nanotech News – Nano Renewable Energy Summit, May 24-25, Denver, CO

Posted on May 5th, 2010 in Uncategorized | No Comments »

The safety of engineered nanomaterials continues to be in the news. Clayton Teague, Director of the National Nanotechnology Coordination Office, wrote an Op-ed in response to a three-part AOL Special Report, “The Nanotech Gamble: Bold Science. Big Money. Growing Risk.” The report, by Senior Public Health Correspondent Andrew Schneider www.aolnews.com/category/nanotech/, and Teague’s response http://www.aolnews.com/nanotech/article/opinion-aol-news-paints-a-misleading-portrait-of-nanotechnology/19446823 can be viewed at these links. Teague calls the series misleading and notes that Schneider ignored any substantive discussion of the $254 million the NNI spent directly on environmental, health, and safety research in the last five years or the additional $200M slated for this year and next. He notes that the President’s Council of Advisors on Science and Technology, in their recent review of the entire NNI (http://bit.ly/PC_NNI), commended the EHS efforts so far and called them proactive. But Schneider isn’t impressed with the PCAST report either, as he made clear in an additional column last week.

Meanwhile, as we heard at our NanoBusiness Alliance DC Roundtable http://www.vincentcaprio.org/nanobusiness-dc-roundtable-agency-ehs-day-summary-march-17th, individual agencies like the Environmental Protection Agency and Food and Drug Administration continue to address nanomaterials on a case by case basis using their existing regulatory authorities. They urge companies to work directly with them to ensure product safety. The NNI also continues to develop its adaptive overall strategy for EHS research. The last in a series of five EHS workshops called for in the 2007 NNI strategic plan was held on March 30th and 31st. The second meeting in the National Academies’ 4-year EPA-sponsored study is scheduled for May 3rd and 4th. (Contact Orin Luke, oluke@nas.edu, if you are interested in attending or see http://bit.ly/bIPRME for more information.)

EPA has another way for companies to get involved in nano safety. Through May 11th, the agency is accepting Small Business Innovation Research proposals relevant to nanoEHS. They’re looking at both sides of the benefit/risk equation, seeking better ways to detect, quantify and control nanoparticles or ways to apply nanotechnology for pollution prevention, monitoring and control. According to the SBIR solicitation available in full at http://bit.ly/acL5oQ

Specific areas of interest include but are not limited to:

  • Development of microelectromechanical systems (MEMS)- and nanotechnology-based sensors for rapid and precise process control and environmental monitoring. Areas of particular interest include remote, in-situ, real-time and continuous measurement of species at trace (ppt) concentrations. Sensors that utilize lab-on-a-chip technology are also of interest.
  • New nanoporous filters for removal of gaseous pollutants and particulates from contaminated air streams
  • Nanoparticulate catalysts for utilization in VOC treatment devices and related applications
  • High surface area nanomaterials for new coatings and environmental applications
  • New, lightweight portable instruments to detect and quantify nanoparticles
  • Technologies that minimize the release of nanomaterials into the environment

Our 3rd Annual Nano Renewable Energy Summit www.nanoenergysummit.org is being held May 24-25th in Denver, CO. On Tuesday, May 25th at 10:45am, Jim Hussey, CEO of NanoInk http://www.nanoenergysummit.org/speakers.php#hussey, will be delivering a Keynote Speech titled, “EHS Issues and Cell Growth.” Immediately following, for the first time at any nano conference, we will have a panel titled, “Nanotechnology Executive and EHS Professionals: Open discussion in regard to 2010 Regulatory Environment.” The panel participants are as follows:

Moderators: Don Ewert, IH, EH&S Manager, OSO BioPharmaceuticals Manufacturing, Chairman of the AIHA Nanotechnology Working Group & Vincent Caprio, Executive Director, NanoBusiness Alliance

Panelists: Mark Hoover, PhD, CHP, CIH, Health Physicist & Industrial Hygienist; Michael J. Kosnett, MD, MPH, Occupational Physician & Professional Toxicologist; Ryan M. Richards, Nanoscience Chair, American Chemical Society

NANO NEWS

Lockheed Martin Unit to Honor Superlative Employees in New Jersey and Georgia
http://www.marketwatch.com/story/lockheed-martin-unit-to-honor-superlative-employees-in-new-jersey-and-georgia-2010-04-29?reflink=MW_news_stmp

Safe, secure nuclear energy must be part of climate change solution
http://seattletimes.nwsource.com/html/opinion/2011648613_guest20dickerson.html

Quantum Sphere, Monthly Newsletter, April 2010, Edition 60
http://www.qsinano.com/news/newsletters/2010_04/2010_04.php

Lux Research: Is Nissan losing money on every Leaf it sells?
http://www.luxresearchinc.com/blog/2010/04/is-nissan-losing-money-on-every-leaf-it-sells/

Hope to see you in Denver to discuss renewable energy.

Regards,

Vincent Caprio “It’s Green, It’s Clean, It’s Never Seen – That’s Nanotechnology”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

NanoBusiness/NYC April 20th-NbA Interview: Peter Hébert, Co-Founder/Managing Partner, Lux Capital

Posted on April 26th, 2010 in Uncategorized | No Comments »

Next Tuesday, April 20th, the NanoBusiness Alliance, the world’s leading nanotechnology trade association, will hold a special one-day event, NanoBusiness Conference/NYC http://www.nynanobusiness.org/ being held on the 5th floor of the Marriott Marquis hotel in Times Square.

Co-located with the NYBA (New York Biotechnology Association) Annual Meeting http://www.nyba.org/meeting/annualMeeting being held that week, the NanoBusiness Conference/NYC will feature a series of sessions with leaders in finance, government and science.

Click here http://www.nynanobusiness.org/agenda.php to view the agenda. Following will be a networking reception.

Register Today http://www.nynanobusiness.org/register.php

Today, we have the opportunity to share the thoughts one of the leaders in our Nanotechnology Community, Peter Hébert, Co-Founder and Managing Partner of Lux Capital. The interview was conducted by Author, Steve Waite.

Lux Capital’s http://www.luxcapital.com/, focus is on investments in advanced materials, energy technology and semiconductors. Peter began his career at Lehman Brothers, where he worked in the firm’s top-ranked Equity Research group. In 2000, he co-founded Lux Capital. In 2003, Peter led the spin-off of Lux Research. As founding CEO, he helped build Lux Research into the leading emerging technology research firm. Peter launched the publicly-listed Lux Nanotech Index [AMEX: LUXNI] and the $150 million PowerShares Lux Nanotech Portfolio [AMEX: PXN].

Peter manages Lux Capital’s investments in Accelergy, Angstrom Publishing, Everspin Technologies, Lux Research, Luxtera and several stealth energy ventures. He was a Chancellor’s Scholar and graduated cum laude from Syracuse University’s Newhouse School. Peter was the Founding President of Syracuse’s first venture organization, Future Business Leaders and Entrepreneurs. He has been an invited speaker, guest lecturer and panelist at CNBC, Bloomberg, Yale, Columbia, Cornell, MIT, and the National Science Foundation. Peter also co-founded Young Wall Street, a charitable organization supporting youth-related causes in New York City.

Lux Capital is one of the premier venture capital firms in nanotechnology. In this interview, we talk to Peter about what Lux Capital is up to these days and explore the nanotech landscape. We hope you enjoy the interview.

SW: Hey, Peter! It’s really great to speak with you today. Thanks for taking the time talk to us. I wanted to explore with you what’s going on with Lux Capital and discuss the nanotech investing and product commercialization landscape. Can you give us an update on what’s going on at Lux Capital today?

PH: Great talking with you as well Steve.

We’ve been extremely busy at Lux Capital over the past 12 months – creating new companies from scratch and backing early-stage companies with transformative technologies. With more than 20 active investments, we’re also spending a large portion of our time and energies working intimately with existing portfolio companies. This means helping with business development, product marketing, company positioning, recruiting management and of course preparing for future financings.

The world of nanotech investing has changed dramatically in the past 5 years. Most of the lower-quality, me-too ventures have exited stage left. A handful of segment leaders have consolidated their positions (both large corporations and start-ups). Throughout this winnowing process, we’ve seen great leaps forward in the commercialization of nanoscale science and technology. Whether it’s in life sciences, alternative energy or electronics – many of the most fundamental advances pushing new boundaries can be attributed to precise control of material properties at the molecular level.

Probably the biggest shift in nanotech has been from the initial focus on input materials to what our portfolio company Lux Research coined “nano-intermediates.” The initial focus on building blocks like nanotubes, nanowires and nanoparticles has evolved to developing higher value applications like batteries, solar PV and drug delivery systems.

SW: What are some of the more conventional nano-enabled innovations you are seeing at Lux Capital that may have a bright future in the market in the years ahead?

PH: Well, we’ve definitely moved beyond Dockers stain-proof pants and nano-enabled sun tan lotion! To be more specific, there is a wide-array of compelling nanotech products hitting the market in 2010. Nanosys is rolling out a quantum dot LED backlight for consumer electronics devices, with partner LG. Cambrios is using nanotechnology to replace rare earth metals Indium Tin Oxide (ITO) for touch screen devices found in mobile phone and tablet computers. Molecular Imprints is already shipping nano-imprint lithography machines to hard disk and semiconductor manufacturers.

SW: What are some of the unconventional nano-enabled technologies you have come across that you think deserve wider recognition?

PH: One interesting application is in the area of nanophotonics. Luxtera has pioneered and since commercialized the integration of complex optics and electronics onto a single nanoscale chip. Another Lux portfolio company Accelergy is using nanoscale catalysts to help convert abundant coal resources into cleaner liquid jet fuel, in partnership with ExxonMobil.

SW: A123 System’s IPO was a success last year and the company seems to be getting traction in the market. What are the prospects for nano-enabled batteries and storage technology?

PH: There will be huge opportunities in the energy storage – both for batteries and ultra-capacitors. A123 Systems really led the way, but there are a number of venture-backed start-ups dramatically changing the industry’s economics. Nanosys developed a proprietary additive for lithium ion battery anodes that enables its partners (battery cell makers) to improve capacity by more than 30%. Contour Energy Systems is another interesting VC-backed company in this area.

SW: Since I mentioned IPOs, let me ask you what Lux Capital’s view is on prospects for seeing more companies coming public with nano-enabled products in the near future?

PH: It’s obviously a question that is top of mind for most VCs. The answer is less about nano-enabled products and more about ramping revenues, great management teams and telling a story that resonates with Wall Street. A123 was able to tap the public markets because they were generating close to $100 million in annual revenues and the buy-side loved the electric vehicle and grid storage story.

SW: There was a time when Nanosys was seen as the premier nanotech company and there was a great deal of excitement about a Nanosys IPO. Lux Capital is an investor in Nanosys. How is the company doing these days?

PH: Nanosys has made tremendous progress over the last few years – but it has done so without using a megaphone. While Nanosys now boasts more than 700 patents, its biggest breakthrough was developing products that global customers are clamoring to buy. Its core business is now in two areas: LED lighting and batteries. Their LED backlighting innovation was covered extensively in recent articles by The Economist and Barron’s. Stay tuned for even more exciting news in the next several months.

SW: How does Lux Capital view the role of nanotech in the commercialization of clean technology? It seems to me there is tremendous opportunity for innovation with clean technology and nanotech. Have you seen anything in the nanomaterials space recently – in solar, for example, or elsewhere – that has knocked your socks off?

PH: There will be many great applications of nanotechnology in the area of alternative energy. Nanotech is poised to dramatically reduce cost for flexible, thin-film solar photovoltaics. That said, at Lux Capital, we believe solar PV is a challenging area for venture investment. The technologies are incredibly complex and finding a way to reliably manufacture the materials in high volumes has been a difficult – not to mention costly – odyssey. If all those challenges can be solved, you find yourself in a brutally competitive commodity market dictated almost entirely by price.

We put our money where our mouth was for two exciting energy applications we identified – both investments are today operating in stealth. The first company has pioneered a novel innovation in natural gas technology, while the second demonstrated world record energy efficiency in power conversion. We believe both technologies will leave industry insiders with their jaws on the floor, when announced.

SW: Semiconductors and microprocessors are going deeper into the nano realm. What types of innovations are you seeing in this space that will create more powerful chips in the future?

PH: Electronics has been probably the most aggressive industry to commercialize nanotechnology – and in truth, has been in the nano realm for a decade. We’re investors in Everspin, which leverages spin of an individual electron to form basis for electronic memory. We helped lead the company’s spinout from Freescale Semiconductor in 2008 and the business has had considerable revenue growth with global customers including Siemens and Emerson.

SW: We are seeing nanotechnology converging with biology. What kinds of innovations do you see emerging from the convergence and who are the researchers that are doing the most innovative work in this area?

PH: Nanotechnology isn’t just converging with biology – it is giving researchers a whole new understanding of how the body works and how we can better treat disease. The field of RNAi is hot in the scientific world. The research has garnered Nobel Prizes and has led to billions of dollars worth of start-up acquisitions by Big Pharma because it’s an area with tremendous potential. Yet, there is a massive challenge in being able to deliver RNAi and protect it from the body’s natural defense mechanisms. Many believe that nanotechnology is the best bet to be able to solve this critical problem.

More broadly, drug delivery is one of the main hot beds of innovative nanobiotech research. Dr. Robert Langer at MIT is rightfully referred to as one of the key pioneers in the field. His work continues to lead the way, but if you want to find some of the real rising stars in the area I’d look at some of his progeny like Dr. Justin Hanes at Johns Hopkins.

SW: The NIH has been financing a lot of nanotech-related cancer research. Are we likely to see some blockbuster nano-enabled cancer therapeutics in the near future?

PH: We invested in MIT-spinout Cerulean because we firmly believe the answer is “yes.” Cancer is a notoriously difficult opponent, but by using some of the advantages offered by nanotechnology, we can attack its few remaining weaknesses. Employing a sophisticated nano-architecture developed at MIT, Cerulean is able to deliver significant payloads directly into cancerous tumors, sparing the rest of the body from the awful toxicities associated with standard treatment.

SW: More broadly speaking, how does Lux Capital see nanotech impacting the pharmaceutical and biotechnology sectors in the years ahead? What areas do you see as the most attractive investment opportunities today?

PH: Nanotech approaches have already led to incrementally better drugs and this trend will absolutely continue in the years ahead. These improvements have led to successful new drugs, like Abraxane, making it to market providing better outcomes for patients and making billions for investors.

At Lux, we think the really big changes in store will be the result of technologies that deliver new functionalities. New ways of treating disease – not just marginally improving toxicity or increasing bioavailability. For example, one of our most recent stealth newcos has taken a counterintuitive approach to overcoming one of the body’s natural barriers and has demonstrated a first ever functionality never seen before in drug delivery.

SW: What are some of the more popular consumer products on the market that are nano-enabled and what kind of innovations are we likely to see in the years ahead?

PH: One breakthrough nano-enabled consumer product comes courtesy of the brilliant engineers at 60Ghz pioneer (and Lux investment) SiBEAM. The company’s fundamental breakthroughs at the nanoscale enabled multi-gigabit wireless home networking between consumer devices. You can find SiBEAM’s technology today in HDTVs at Best Buy from customers like Sony, Panasonic and later this year Vizio.

SW: What advice do you have for entrepreneurs exploring nanotech who are looking for funding?

PH: An entrepreneur can often feel like a brutal, fruitless journey. My advice is to remain persistent, listen to feedback and adapt, and most importantly, find customers who want your product.

SW: One last question. How are things going with the Forbes/Wolfe newsletter? Do you see the general investing public’s interest in nanotechnology rising in the future?

PH: We’ve had a great partnership with Forbes since 2002 and have recently expanded our relationship to publish articles on Forbes.com, publish a Weekly e-letter (Forbes Weekly Insider) and online blog (ForbesWolfe.com), as well as host a Video channel. I believe investors will remain enthusiastic about emerging technologies that have the potential to transform industries and marketplaces. Nanotech will be a major driver in that new reality.

SW: Thanks again for your time today, Peter. We wish you and your partners at Lux Capital continued success in the future.

PH: Thank you Steve. We could not be more excited!

I would like to thank Peter and Steve for their time and for sharing their insight with our Nanotechnology Community.

I look forward to seeing you in NYC on Tuesday.

Regards,

Vincent Caprio “It’s Green, It’s Clean, It’s Never Seen – That’s Nanotechnology”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949
vincentcaprio@nynanobusiness.org

NanoBusiness One-Day Spring Event – NYC, April 20th

Posted on April 15th, 2010 in Uncategorized | No Comments »

Next Tuesday, April 20th, the NanoBusiness Alliance, the world’s leading nanotechnology trade association, will hold a special one-day event, NanoBusiness Conference/NYC http://www.nynanobusiness.org/ being held on the 5th floor of the Marriott Marquis hotel in Times Square.

Co-located with the NYBA (New York Biotechnology Association) Annual Meeting being held that week, the NanoBusiness Conference/NYC will feature a series of sessions with leaders in finance, government and science, and will include presentations from the following:

8:30-9:15am Governor Howard Dean – former DNC Chairman, presidential candidate and six-term Governor
http://www.mckennalong.com/professionals-1224.html

12:30-2:30pm Jerome “The Bus” Bettis – One of the NFL’s most popular players: the fifth-best rusher of all time and a six-time Pro Bowl Selection
http://www.bettis36.com/ssp/bio

2:15-3:00pm Michael Holman – Research Director, Lux Research
http://www.luxresearchinc.com/team/management

3:00-3:45pm Scott Rickert, PhD – President, Co-Founder and CEO, Nanofilm
http://www.nanofilmtechnology.com/about_nanofilm/bio-scott.htm

3:45-4:15pm Scott Livingston – Chairman and CEO, Livingston Securities, LLC
http://www.livingstonsecurities.com/about.php

4:15-4:45pm Ron Durando – President/CEO, mPhase
http://nanobusiness2009.com/index.php/speakers

4:45-5:15pm Douglas Jamison – Chairman, CEO and Managing Director, Harris & Harris Group
http://www.tinytechvc.com/team.cfm

5:50-7:30pm Networking Reception

Register Today http://www.nynanobusiness.org/register.php

In 2009 we moved our large annual NanoBusiness conference to Chicago, we believed the NanoBusiness Alliance still needed to produce a special event for our New York City-based constituent. We found a strong strategic partner in the NYBA, and we are proud to co-locate our New York event with their highly-respected conference.

NANO NEWS

Articles I would like to share with the nanotechnology community:

Lockheed Martin Backs Year of Nano at Rice
http://www.prnewswire.com/news-releases/lockheed-martin-backs-year-of-nano-at-rice-90368304.html

Cheap Wireless Sensors
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=529905

Continuing the National Nanotechnology Initiative
http://www.whitehouse.gov/sites/default/files/microsites/ostp/nano-release.pdf

I look forward to seeing you in New York next week.

Regards,

Vincent Caprio “It’s Green, It’s Clean, It’s Never Seen – That’s Nanotechnology”
www.vincentcaprio.org
Executive Director
NanoBusiness Alliance
203-733-1949