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Posted: Feb 04, 2013
Nanostart AG Reorganizes Asia Business
(Nanowerk News) Nanostart AG is reorganizing its Asia business. The primary development is the launch of a 100-percent subsidiary in Singapore. New and existing Nanostart AG activities in Asia will be centralized here.
Marco Beckmann, CEO of Nanostart AG, comments: “After primarily focusing our work on German holdings the last few years, we now want to redouble our efforts in Asian markets, where we continue to see tremendous potential. By launching a 100-percent subsidiary of Nanostart AG, we are building necessary infrastructure. This gives us the opportunity to make independent and self-determined investments in nanotechnology companies throughout the region as Nanostart, either directly or through new fund structures.”
This new subsidiary of Nanostart AG will also carry the name Nanostart in Asia. Because of holdings by strategic partners from Asia in Nanostart Asia Pacific, the Nanostart share in Nanostart Asia Pacific is subject to fluctuations. It currently accounts for 30 percent. Nanostart Asia Pacific was renamed “New Asian Investors” in January.
The critical role of nanotechnology in economic development is increasingly recognized by governments in Asia. They are supporting nanotechnology, and here Nanostart finds ideal conditions for successful investing. Singapore provides access to markets such as China, Malaysia, Taiwan, and Hong Kong.
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.
Source: Nanostart (press release)
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