State Bank of India's subsidiary SBI Capital Markets plans to set up a USD 100 million (about Rs 400 crore) venture capital fund to invest in knowledge-based sectors in the country, including nanotechnology.
Roche Holding Ltd remains the leader for the Biotechnology Scorecard, with an unprecedented Science Strength that grew by almost 100% this past quarter. Their lead is primarily due to majority owned subsidiary and biotech, Genentech, who account for approximately 80% of the patents represented.
In what appears to be further bad news for nanotechnology companies and their investors, Nanodynamics has filed a voluntary delisting notice for its planned IPO in Dubai. No reason for the abandonment of the Nanodynamics IPO was given in a statement to the exchange. But this was to have been the first listing of a US company on the DIFX and in a nanotechnology area that appears not to have appealed to local investors.
Industrial Nanotech, Inc. announced today that the Company's exclusive African distributor, Megaros Industrial Products, has expanded its presence on the African Continent by signing an agreement with Copper Sunset Trading 440 Pty Ltd of Johannesburg to represent the Company's patented Nansulate energy saving coatings in the country of South Africa.
A European healthcare consortium of fifteen members comprised of a publicly founded organization, governmental entities, academic teams and biotech companies, including Mymetics Corporation, was awarded a EUR7.50 million grant from the European Commission within the context of the European Union's seventh framework program.
Planet Resource Recovery, Inc. announced that the company's R&D department has successfully treated and reduced barium contaminants from water to acceptable environmental levels. This successful treatment of contaminated water opens a new door for the company's products in the multi-billion dollar water remediation and reclamation industry.
The NanoBusiness Alliance today announced that its seventh annual NanoBusiness 2008 Conference and Exhibition will be returning to the Marriott Marquis in Times Square, New York City from May 4-6, 2008.
Green Earth Technologies, Inc. today entered into a strategic relationship with Bio-Tec Fuel and Chemicals, LLC, an Oklahoma-based developer and manufacturer of environmentally-friendly oil products, to manufacture its 'G'-branded automotive performance products including 2-cycle motor oils, all grades of automotive motor oils and marine motor oils.