Nano Funding

>From the Best of Biotech 06: 

Nanotechnology financing

I wrote about this earlier, as at least four Midwest nanotech companies raised over $110 million in venture capital financing in 2006, including: Nanosphere, $57 million; NanoBio, $30 million; NanoInk, $20 million; and Nanotope, $3.5 million. Interestingly, three of the four companies were spun out of Northwestern University's Institute of Nanotechnology.

This is truly amazing and yet these deals are not the only "nano" financings, as other companies such as Polyera, Advanced Diamond Technologies , Nanodisc, and Ohmx also raised money through government funding as well as investor financings. There seems to be a wave of new nano companies spinning out of Argonne, University of Illinois-Urbana/Champaign, and the University of Michigan.