|| Print ||
|Articles - July/August 2013|
|Monday, July 08, 2013|
Page 1 of 4
BY APRIL STREETER // PHOTOS BY ERIC NÄSLUND
Nanoscience — the study of particles as tiny as a billionth of a meter in size — is opening a brave new world. Such particles can behave very differently from larger particles or molecules, and they offer tantalizing improvements to post-modern life: everything from an embedded skin chip whose nano “pores” help tell when it is time to dose with insulin, to tiny dots that form a coating to make eyeglasses scratchproof. But as with all newfangled technologies, nanoparticles can bring unforeseen dangers, as too little is known of their effects on humans and the environment.
For more than a decade, Oregon has built a network of support for new businesses utilizing the novel properties of nanoparticles to innovate in health care, electronics and manufacturing. But the payback — a cluster of healthy businesses drawing more of the same to Oregon — has yet to materialize.
Two of the biggest nano-related companies in the U.S. have a presence in Oregon, nearly across the street from each other in Hillsboro: electron-microscope provider FEI and Intel Corporation. The latter has shipped hundreds of millions of products that incorporate nanotechnology, and there is an Intel connection at practically every nano-related business in Oregon.
On the public side, Corvallis-based Oregon Nanoscience and Microtechnologies Institute (ONAMI) is the nexus of local nanoscience advances, helping bootstrap nano-related startups with investments, access to facilities and equipment, and links to the local talent pool. Other members of the support web include the state’s Oregon Innovation Council; business accelerator and tech transfer programs at Portland State University, OHSU, OSU and the University of Oregon; and the Oregon Translational Research and Development Institute (OTRADI).
“It’s a very collaborative community in Oregon,” says ONAMI’s executive director, Skip Rung. “Everyone knows everyone.” Rung says he expects and hopes that in addition to the millions of dollars in sales of Intel chips with “nanotechnology inside,” new nanotech businesses in the state will be worth up to $100 million within the next decade. The global market for nanotechnology is expected to be $50 billion by 2017.
But the pressure is on, as currently there isn’t a substantial stock of seasoned, medium-size Oregon nanotech companies, nor has a nanotech concentration or specialty emerged here. Instead the state has an abundance of companies in early, nonrevenue-generating stages.
There is Beaverton-based Puralytics, which recently began selling the SolarBag water purification system, based on nano-size photocatalysts that break down contaminants with the aid of sunlight. CSD Nano in Corvallis makes antireflective coatings for solar cells and is currently exploring coatings to reduce infrared light and heat from seeping through window glass to make it a superior insulator.
These and other fledgling companies basing their innovations on nanotechnology have glimmers of promise but no guarantee of mainstream success, nor a similarity between them that might be a magnet for venture capital.
“We don’t yet have a nano cluster,” says Eric Rosenfeld, founder of the Oregon Angel Fund, a local venture capital firm. “We have the foundation and some real assets. Now we need more companies to achieve greatness, success and wealth.”
To find out what it will take to make that happen, Oregon Business met with four individuals who play different roles in the state’s nano ecosystem: a researcher, an investor, and two entrepreneurs. The conversations revealed a wealth of energy and drive that could make Oregon a big beneficiary of nanotechnology’s economic rewards. Just not quite yet.
Tuesday, November 03, 2015
PHOTOS BY JASON E. KAPLAN
Wednesday, October 21, 2015
BY JASON NORRIS | CFA
Volatility reigned supreme over the summer. The old Wall Street adage of, “Sell in May and go away,” was prophetic in 2015.
Wednesday, October 28, 2015
BY MARK LONG
Storyteller-in-Chief by the managing partner of Schwabe, Williamson & Wyatt.
Monday, September 28, 2015
BY BEN DEJARNETTE
Controversial track star Nick Symmonds is leveraging his celebrity to grow a performance chewing-gum brand. Fans hail his marketing ploys as genius. Critics dub them shameless.
Tuesday, October 06, 2015
BY CHRIS NOBLE
As we worked on the October cover, it became evident that Nick Symmonds is a hard man to catch — even when he’s not hotfooting it around a track.
Wednesday, September 30, 2015
The refugee crisis has put immigration and border issues on the front burner, in Europe and at home. In Oregon, attitudes toward illegal immigration haven’t changed dramatically since 2006.
Monday, September 28, 2015
BY GARY FISH
Over the years, many mentors have taught me lessons that have helped shape the way I view the world of work and our business.
|The Love Boat|
|The Food Pod Grows Up|
|The High Road|
|Tinker, Tailor, Portland Maker|
|The Shift to Community Health Care|
|The Harder They Fall|
|Another chapter to the Bezos/Musk space race story|
|Thanksgiving travel: Fuel costs low, terrorism anxiety high|
|Costco chicken salad linked to E. coli case in Washington|
|Nestle comes clean about benefitting from slave labor|
|Enormous drugmaker emerges from Pfizer, Allergan deal|
|Startups joining lobbying game|
|Merchants complain as Square goes public|
Economic diversity has proven a smart strategy for the Port of Hood River. How can other Oregon communities replicate the model?
Phone, Internet needs of small community school districts earn attention of top-five telecom provider.
Farmland LP grows its vision for organic farming in Oregon.
The Salem Convention Center has capped its tenth anniversary year by earning the prestigious “Best of the Best 2015” award from NW Meetings & Events magazine. Selected as the Best Convention/Conference Venue in Oregon by meeting and event planners from Alaska, British Columbia, Idaho, Oregon and Washington, the Salem Convention Center ranked above the Oregon Convention Center and the Portland Art Museum.
The Oregon Cooperative Hall of Fame honors individuals for their outstanding contributions to the successful building and operation of Oregon agricultural cooperatives.
Health insurer reports $10.2 million in net income after taxes through the first nine months of 2015.