Home / Knowledge / News / Textiles / Center of Innovation in Nanobiotechnology gets $2.5 mn grant
Center of Innovation in Nanobiotechnology gets $2.5 mn grant
22
Jun '09
The North Carolina Biotechnology Center has approved a four-year, $2.5 million grant for the Center of Innovation in Nanobiotechnology (COIN) to develop the commercial potential of nanobiotechnology research from universities across the state.

"Nanobiotechnology is an exciting new discipline that has the potential to change everything from textiles to medical devices. This Center of Innovation will help commercialize more of the nanobiotech breakthroughs being made in North Carolina laboratories," said Mary Beth Thomas, senior director of the Centers of Innovation program at the Biotechnology Center.

Nanotechnology involves structures between one and 100 nanometers in size--roughly 10,000 times thinner than a sheet of paper. Companies in North Carolina are already working on nanoparticles that treat disease by carrying new genes to certain cells, and sunlight-powered nano-scale coatings that kill microbes on hard surfaces and fabrics

The four-year award to COIN builds on a $100,000 planning grant given by the Biotechnology Center last year. That money was used to hire an executive director and develop a business plan, making the Nanobiotech Center eligible for the current round of funding. With the new award, COIN will establish itself as an independent, self-sustaining entity. The $2.5 million will be paid as business milestones are reached.

Key partners in the planning effort included North Carolina Agricultural and Technical State University, the University of North Carolina at Greensboro and Wake Forest University.

"This is the first major grant developed jointly by these three research universities," said Gwyn Riddick, director of the Biotechnology Center's Piedmont Triad Office and one of the initiative's original supporters. "In developing nanobiotechnology, we aim to create a strong, region-specific science brand for the Piedmont Triad and the state."

COIN owes much of its success to the efforts of strong collaborators, including the Joint School for Nanoscience and Nanoengineering and academic and industry partners statewide. The Piedmont Triad Partnership, a nonprofit economic development corporation, has administered the grant and provided office space during the planning phase.

"It's been my pleasure to work with a talented, committed team on a project of this magnitude," said Don Kirkman, president and CEO of the Piedmont Triad Partnership. "Innovation is at the heart of vibrant economies, and we are excited about harnessing North Carolina's talent for innovation to create a framework for new companies, products and jobs."

Biotech veteran Brooks Adams was hired in January to be executive director of the planning effort and will assume the same role in the independent COIN.

"Our mission is to connect the dots in the world of nanobiotechnology, including academic and industry researchers, entrepreneurs, managers and investors," said Adams. "This center will use nanobiotech to add value, meet market needs, solve problems and benefit humanity. The result will be economic growth and job creation across the state."

Must ReadView All

Apparel/Garments | On 23rd Mar 2017

UK's National Living Wage to be £7.50 from April 2017

The National Living Wage in the UK for workers aged 25 and above is...

Textiles | On 23rd Mar 2017

Trutzschler launches Toyota-Truetzschler comber machine

Trutzschler, one of the world's leading textile machinery...

Jeff Bezos (L) and Amancio Ortega. Courtesy: Forbes

Apparel/Garments | On 23rd Mar 2017

Amazon founder Jeff Bezos is world's 3rd richest man

The biggest gainer and the third richest man on the Forbes' 31st...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search