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|Articles - July/August 2013|
|Monday, July 08, 2013|
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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.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
Tuesday, June 23, 2015
Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.
Friday, July 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN
A New York floral and gift business takes on the iconic Harry & David brand.
Friday, June 05, 2015
As temperatures in Oregon creep into the 90s this weekend, Oregonians' thoughts are turning to — summer baseball.
Thursday, June 18, 2015
Fireworks are a booming industry, even if the pyrotechnics have turned July 4th into a day fire marshals, and many residents, love to hate.
Monday, July 13, 2015
BY KIM MOORE
Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.
|10 Innovators in Rural Health|
|The Private 150: From Strength to Strength|
|Downtime with Debra Ringold|
|Farm in a Box|
|Flattery with Numbers|
|Preserving the Legacy|
|Fiat Chrysler must offer to buy back 500K Dodge Ram trucks|
|Portland kayakers protest ship owned by Shell Oil Company|
|Amazon earns $92M in profit|
|Under Armour bests Q2 earnings expectations|
|More than a hundred passengers forced to stay overnight at PDX|
|Immunization rates to be available to parents|
|CEO who pledged $70K minimum wage sued by brother|
Court experience helps legal firm anticipate potential problems for clients and prevent expensive litigation.
When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.