TUCSON – After a competitive, multi-state process, Nanomoneo, a biotechnology instrument company, announced today that it has selected the University of Arizona Center for Innovation in Tucson, Arizona for its new applied research operation.
The newly formed, venture capital-backed company is working on solutions that allow consumers to “see” things that are not normally visible with the naked eye. The company plans to hire 14 people over the next five years, including research scientists, engineers and research support. The total economic impact is estimated at US$17 million.
Nanomoneo selected Tucson as best meeting its needs for future high-growth plans. The company will be located at the UA Center for Innovation at the UA Tech Park at Rita Road. The UA Center for Innovation (UACI) provides space and incubation programs for scalable science and technology startups to develop their technology and business and scale operations quickly.
The UA Center for Innovation systematically guides startups through a structured program roadmap. This disciplined approach uses customized programs and one-on-one interactions with mentors and subject matter experts to guide companies to the next level of success.
Alongside such business services, the UA Center for Innovation’s laboratory space gives early and mid-stage companies an environment for product development, with a flexible, customizable, supported structure. For example, the “rent-a-bench” program allows companies the flexibility to expand their laboratory space while ramping up their operations to support the company’s growth.
Juliann Talkington, President of Nanomoneo, says it was a competitive process and the company is thrilled to be in Tucson.
“We selected Tucson as our home, over several other locations because of the technical infrastructure, services available to early-stage companies, reasonable regulatory environment, and social stability. Since we made the decision to locate in Tucson, we have been impressed by what the University of Arizona Center for Innovation and Sun Corridor Inc. have done to help us integrate into the community,” he said.
Source: AZ Big Media