Global investors see opportunities in nanotechnology in S’pore
Global investors see opportunities in nanotechnology in S’pore
By Timothy Ouyang, Channel NewsAsia | Posted: 28 May 2008 0025 hrs
SINGAPORE: Global investors said they are seeing a lot of investment opportunities in nanotechnology opening up here in Singapore.
The comment comes a day before the first ever NanoEquity Asia conference kicks off in Singapore. The conference is aimed at facilitating investment in nanotech start-ups and SMEs from around the region.
Touted to be the next explosive growth area after information technology here in Singapore, nano-technology is starting to have a huge impact on a wide range of industries.
Marco Beckmann, CEO, Nanostart Investments, said: “We see products, new technologies that are just about to enter the market and they’re coming right out of Singapore. And sometimes, we see so many fast things that are developing here in Singapore - that’s very promising and interesting for us.”
Investors said there is a growing trend globally to look for investments in the application of nanotechnology in clean technology. However, industry watchers noted that nanotech firms need help in growing their technologies into commercial businesses.
Mr Beckmann continued: “Every single nanotech company is most likely a scientific-driven team that needs help to commercialise their technology and that means they need support. They don’t only need money, they need support to commercialise their technology.”
Support in research and development infrastructure is also seen as important. According to some firms, this has been a big pull factor for them to set up their regional headquarters here in Singapore.
Jim Von Her, President, Zyvex Labs, said: “When I started to really come here and look at the quality of the institutions, I realised there’re a couple of universities that are in the top 100 universities worldwide - NUS and NTU.”
The EDB estimated that currently, that there are some 50 nanotechnology companies based here in Singapore. - CNA/vm
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Posted on May 28th, 2008 under Singapore Business News, Singapore News |
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