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SINGAPORE : Budding nanotechnology companies in Singapore stand a good chance to expand, as more investments are likely to be focused on the emerging sector.
That is according to Nanostart, a German-based nanotech venture capital company, which also has operations in Singapore.
A growing number of small Singapore start-ups is already positioning themselves by raising funds to grow. They showcased their plans and products at a conference that included venture capital firms that invest in nanotechnology.
One company that is benefiting from venture capital investments in nanotechnology is Biomers, a company that specialises in orthodontics.
It uses nanotechnology to develop wires used to make very thin clear braces. The company wants to raise S$5 million to market the braces in the United States.
Meanwhile, Nanostart said it expects a strong pipeline of investments in the sector.
Andreas Kroell, managing director, Nanostart Asia, said: "We have a good investor base we are working with; these investors are behind us. The general environment is not such an issue for us."
Nanotechnology is the development and manufacturing of products at the molecular level.
Analysts estimate that revenues from the global nanotechnology sector will grow to US$2.6 trillion by 2014, accounting for 15 per cent of global manufacturing output. - CNA/ms
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