More good news on the heels of this BizJournal article, which says nanotech firm nCoat is relocating its HQ to Guilford County: the company has announced some much-needed financing in the form of an $11.85 million private placement deal.
BizJournal's Matt Evans had reported: " There is a financial hurdle to cross to meet the company's ambitious hiring goals...Pushing its products further into the marketplace will cost money, and in its SEC filings, nCoat anticipates that it will need between $4 million and $5 million in new revenue and capital in the next year to support its business plan and says it has hired an investment banking firm to help it raise money from investors."
I'd like to think that the UNCG/NCAT joint venture into nanotech had something to do with this.
In any case, it confirms that starting a nanotech institute was a smart move if it means we can attract good engineering students to study here, and then stay for good jobs.
Posted by: David Wharton | Jun 02, 2007 at 06:55 PM
Oops -- I linked to the wrong site! Here's the real link to the nanotech site.
Posted by: David Wharton | Jun 02, 2007 at 06:57 PM