Molecular Electronics Corp. secures additional angel financing

The 19 April 2002 version of Jennifer Darwinís Technology Beat column in the Houston Business Journal includes this brief item:

The original investors in Molecular Electronics Corp. (MEC) have pumped additional money into the Houston-based nanotechnology company.
Company officials made that announcement two weeks ago, but did not disclose who the angel investors are, nor how much they provided in bridge financing.
This same group of investors put up $7.65 million to help launch the company in 1999. Since that time, Molecular Electronics also has received $23 million in funding directed toward its research work.
The company was created by five scientists, including Jim Tour and Mark Reed. The firm's research and development in nanometer-scale electronics creates the potential for constructing electronic devices and information processing capabilities that are far less expensive, consume less power and are thousands of times smaller per device than existing technologies.
Timothy Belton, Molecular Electronics' president and chief development officer, says the proceeds will be used to strengthen industry relationships that will help with development of the company's devices.

For background information on MEC, see Foresight Update issues #41 (June 2000) and #42 (September 2000).

UTD NanoTech Institute trumpets DARPA funding

According to a press release (16 April 2002), the University of Texas at Dallas (UTD) has begun ramping up its nanotechnology research efforts at the UTD NanoTech Institute established last year, on news that it won two grants worth a total of $1.8 million in initial annual funding from the United States Defense Advanced Research Projects Agency (DARPA). The projects being funded will involve collaboration among researchers at UTD, as well as at major universities and research institutes throughout the U.S. and in other countries.

Additional coverage, though not much, is available in an article from the Dallas Business Journal ("UTD NanoTech Institute gets $1.8M in grants", 15 April 2002), which basically reprinted the UTD press release with a few additional details thrown in. "This is leading-edge science and precisely what we had in mind when we brought two of the top nanotechnology experts in the world to UTD last fall," Franklyn Jenifer, president of UTD, said in a statement. "Now that the UTD NanoTech Institute is up and running, the university is in a position to begin playing a pivotal role in helping realize the potential of nanotechnology."

Pennsylvania establishes yet another organization to support nanotech

from the death-by-committeee dept.
An article in the Philadelphia Business Journal ("Coalition aims to aid startups", by Peter Key, 29 March 2002) tells of yet another organization aimed at fostering economic development being established in Pennsylvania. According to the article, "five Philadelphia universities, a business incubator and an economic development organization have joined forces to boost the number of technology and life-science startups in the region. Called the Commercialization Working Group, its first task will be to help the Port of Technology incubator in University City bring technological innovations to market." One of the efforts to be supported is the Nanotechnology Institute, a venture among the University of Pennsylvania, Drexel University and the Ben Franklin Technology Partners of Southeastern Pennsylvania, a state-funded economic development organization. An official said the timing for the group is right because it comes after smaller efforts by the region's schools and tech organizations to work together, such as the Nanotechnology Institute.

Well, maybe. For all the organizational dithering over the past year or two, Pennsylvania hasnít yet got much real results to show from its nanotechnology programs (see Nanodot posts from 30 July and 17 December 2001, and 9 November 2000.

CVD process tames carbon nanotube growth

waynerad writes "A chemical-vapor deposition technique has been applied to carbon nanotubes to give them unusual electronic properties, according to researchers at Rensselaer Polytechnic Institute. The treated nanotubes could be used by chip makers to interconnect single-electron transistors with high-efficiency wires. The group aims to build a nanotube architecture that will exhibit near-superconducting speeds at room temperature, plus the ability to pack devices tighter and control quantum effects."

Nanotech and Solar Power

Mr. Tejano writes "Space Daily has a great article about a group of researchers at Virginia Tech that are developing flexible solar cells [using nano-structured thin films] that they hope will replace their silicon equivalents. It can be read here: http://spacedaily.com/news/materials-02i.html"

Upcoming speaking engagements by nanotechnologist Ralph Merkle

Ralph Merkle, Foresight Vice President for Technology Assessment and Principal Fellow at Zyvex Corporation, will be speaking at the following upcoming events:

The Business of Nanotechnology

Brent Magnan writes "Nanotechnology, or any newly emerging technology, is sure to change the way we live our lives. For those who want to be involved with technology, are there other ways to become part of it other than going through some kind of science degree? I'm currently in first year Engineering but want to go into Business (bachelor of commerce). Is switching faculties a huge mistake if I want to be involved with technology? Or are there lots of promising opportunities for a business student looking to be active in cutting edge technology? Please e-mail me with any suggestions or comments: send to: [email protected]"

Method of fluorinating carbon nanotubes developed

Vik writes "Rice University in cooperation with the Russian Academy of Science develop a way to add fluorine to nanotubes. This gives a handle to which functional groups can be attached with obvious repercussions. The process involves temperatures of 500C and pressures of 60,000 ATM. Press release from Rice is here."

Patrick Underwood submitted an article from Space Daily that provides some additional coverage of this annoucement.

Japanese Science & Technology Minister advocates reforms to boost nanotech

from the World-Watch dept.
The Asahi Shimbun in Japan ran an interview Koji Omi, Japanese State Minister in Charge of Science and Technology Policy ("Koji Omi: Unite nanotechnology with biotechnology", 8 April 2002), about the government's future strategy and outlook on the subject of nanotechnology. Some interesting comments by Mr. Omi:

Young nanotechnologists reach finals of ExploraVision competition

from the You-go,-girls! dept.
According to an article in the Tri-Valley Herald ("Students in finals of science competition", by Rebecca Emmerich, 20 March 2002), a local newspaper for the city of Dublin, California, a team of four fifth-grade students at the Quarry Lane School in Dublin have been named regional winners in the Toshiba/National Science Teachers Association ExploraVision competition. Their entry was a conceptual design for a "Nano Snippit-bot", a medical nanorobot that would operate in swarms to cut off the small blood vessels supplying cancer tumors. Their entry was one of only 24 selected from among those submitted by 4200 teams comprising 13,000 students from the United States and Canada to advance to the final round of the competition.

Two of the ten-year-olds on the Quarry Lane School nano-design team, Alejandra Dean and Nicole Rumore, have shown a strong interest in nanomedical robotics. In 2000, they and two other third-grade students at the Dorris Eaton School in Walnut Creek entered the design for a "Nano FatBuster" to fight atherosclerosis and heart disease; their visit with Foresight President Chris Peterson to gather information for the project was described in Foresight Update #42 (September 2000). The Nano FatBuster design also fared well: Out of 12,000 contestants, the quartet from Dorris Eaton School received an Honorable Mention Award. Only 2,000 of those were awarded.

Foresight applauds the dedication of Ms. Dean and Ms. Rumore, and wishes them and their team the best of luck in the final round of this yearís ExploraVision competition.

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