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June 13th, 2005
NanoDynamics Inc. has four existing business units and is creating a new division in the City of Pittsburgh - ND Life - in collaboration with the McGowan Institute of Regenerative Tissue. At least 50 jobs will be created by the company, which will leverage existing expertise in nanotechnology-based products to address needs and opportunities in the life sciences marketplace.
DCED offered NanoDynamics a $1.15 million funding package that includes: a $500,000 loan through MELF; a $200,000 loan through SBF; a $200,000 Opportunity Grant; $100,000 JTA; and $150,000 JCTC.
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