Sep 4, 2002
Nanosys wins $1.6 m for nanowire research
US start-up Nanosys has won a phase 1 Small Business Innovation Research grant from the US National Institutes of Health. The award, aimed at furthering research into nanowire-based devices, could ultimately be worth up to $1.6 m (Euro 1.6 m).
"Receiving this grant is a huge success for the company," said Stephen Empedocles, Nanosys co-founder and director of business development. "It is a validation of our technology and our strategy of migrating nanoscience from the academic laboratories into commercial products."
Nanosys says that it will use the cash to create nanowire-based molecular electronic detection systems that have medical, environmental and defence applications. The company claims that the systems will enable molecular detection at a much greater sensitivity and at a lower cost than current devices.