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
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Dr. Hans Joachim Dürr
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