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Posted: Jun 06, 2012
Nanostart Asia Pacific Increases Share of Singaporean Cleantech Company MINT
(Nanowerk News) Nanostart Asia Pacific is increasing its share in the Singaporean company Membrane Instruments and Technologies Pte Ltd (MINT) from 18 to 28 percent. The investment in MINT will take place through the Nanostart Early Stage Venture Fund I, which is managed by Nanostart Asia Pacific. The funds will flow in particular to additional marketing of the Membrane Integrity Sensor and its international rollout.
The Membrane Integrity Sensor is currently the flagship product from MINT. It is a sensitive analysis system for continuous and reliable online monitoring of water quality at water treatment facilities. The system was developed at the Nanyang Technological University in Singapore and introduced to the market last year. As the first MINT product available on the market, the sensor is already in use at several facilities. The public water supplier (Public Utilities Board) in Singapore is a customer.
MINT specializes in monitoring and optimizing water treatment facilities. This allows operators to achieve significant cost savings and increase efficiency. The company develops a portfolio of sensors to record various parameters of water treatment facilities.
Nanostart AG headquartered in the German financial capital of Frankfurt, is a leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. As main shareholder of Nanostart Asia Pacific Ptd Ltd, Nanostart invests as partner of the Singapore government.
About Nanostart Asia Pacific
Nanostart Asia Pacific Pte Ltd was established in Singapore in 2012 with the goal to explore the growth markets of Asia. As a venture capital investment company, Nanostart Asia Pacific invests in young, up-and-coming nanotechnology companies which are approaching market launch or have innovative products already on the market. In Singapore, it invests as a partner of Singapore government via Nanostart Singapore Early-Stage Venture Fund I Pte Ltd. It is a subsidiary of Nanostart AG. Other shareholders of Nanostart Asia Pacific besides Nanostart AG are a number of strategic venture capital investors out of Asia, who with their network and experience are set to facilitate Nanostart's expansion in Asia, and the company's management. For more information about Nanostart Asia Pacific, please visit: www.nanostart-asia-pacific.com
Membrane Instruments and Technology Pte. Ltd. (MINT) is a spin-off from the Nanyang Technological University (NTU) of Singapore, with the aim of becoming a leader in membrane instrumentation and optimization technology for the water treatment industry. Membrane processes are set to be the next standard for water and wastewater treatment. MINT designs and develops automated control systems which receive signals from nanotechnology-enabled sensors, predict the performance of the plant and implement the correct control strategies, resulting in significant cost savings. MINT's flagship product has been validated by Singapore's national water agency. For further information please visit www.mintmembranes.com.
Source: Nanostart (press release)
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