Corporate | 31 July 2008 11:45
Nanostart AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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- Nanostart establishes leading position in Asia
- Investment of Singapore’s government underscores Nanostart’s
strategy for Asia
- Fund will be invested in Singapore’s nanotechnology start-ups
Singapore / Frankfurt am Main – July 31, 2008 – The Asian
Nanostart-subsidiary, Nanostart Asia Pte Ltd., has been awarded 10 mn
Singapore Dollar (about 4.7 mn Euro) for its Nanostart Singapore Early
Stage Venture Fund I by the government of Singapore. The fund is part of
the NRF´s (National Research Foundation) Early Stage Venture Funding
Scheme, a 60 mn SGD program which was announced in March by the Prime
Minister of Singapore. The Nanostart Singapore Early Stage Venture Fund I
was created to support Singapore-based early stage nanotechnology
companies.
Marco Beckmann, CEO of Nanostart AG, is very pleased about the investment:
'It is a great recognition of our work, our expertise and our dedication to
Singapore. Singapore has state of the art nanotech R & D infrastructure,
word-class research centers, highly-motivated and talented human capital as
well as strong government support in nanotech R & D and commercialization.
Together with NRF, we will continue to build alliances with government
funding agencies, research institutes, industry- and business communities
and will accelerate the transformation of Singapore into a ´Nano Silicon
Valley´ of Asia.'
Nanostart AG made its first Asian investment in December 2007 to Curiox, a
spin-off company of the Institute of Bioengineering and Nanotechnology
(IBN) in Singapore. Nanostart incorporated its first overseas subsidiary
Nanostart Asia Pte Ltd. in Singapore in April 2008, which serves as a
platform to become a leader in Asian nanotechnology investments. Nanostart
also successfully launched its 1st NanoEquity Asia 2008 event in May this
year in Singapore. The investment by the government of Singapore is a
milestone and underscores Nanostart´s strategic investment in Singapore’s
highly promising nanotech-community.
About Nanostart:
Nanostart AG is the world’s leading nanotechnology investment company. The
Frankfurt-based company provides venture capital financing for
nanotechnology companies in various growth phases. It also provides the
benefits of its experience and expertise to developers of financial
instruments and to investors in the nanotechnology sector. For further
information about the company, please visit www.nanostart.de.
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Nanostart AG in conjunction with the existing
listing of its shares in the 'Entry Standard' segment of the regulated
unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This
notice does not constitute a securities prospectus. Neither this notice nor
the information contained within is intended for direct or indirect
distribution within the United States of America, Canada, Australia or
Japan.
Media contact:
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
D-60313 Frankfurt
Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
e-mail: presse@nanostart.de
31.07.2008 Financial News transmitted by DGAP
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