Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Singular ID Wins Nanochallenge

Abstract:
Singular ID was awarded the €300,000 prize to start-up operations in Italy

Singular ID Wins Nanochallenge

Padua, Italy | Posted on November 14, 2005

Singular ID, is the winner of Nanochallenge 2005, the international business plan competition for nanotechnology-based ideas, whose final event took place in Padua last week end.

Dr. Adrian Burden and Dr. Peter Moran, CEO and CTO of the new venture, are the founders of Singular ID, a nanotechnology spin-off licensing core technology from the Agency for Science Technology and Research, Singapore. Their project focuses on the commercialization of magnetic tags for the protection of people, brands, corporate images and market shares. Singular ID offers such a system through an integrated solution comprising unforgeable tags, portable scanners, and a centralized authentication database. The tags are based on a patent protected nanotechnology that uses composite magnetic materials to create 'fingerprints' or 'signatures' on a very fine size scale. Consequently, these features are prohibitively difficult, if not impossible, to replicate. As such, these unique patterns can be inexpensively manufactured and applied to objects of value, giving items individual identities. This approach can be used to prevent counterfeiting, prevent contract manufacturing overruns and can be applied in the security industry.

Dr. Peter Moran and Dr. Adrian Burden
Dr. Peter Moran and Dr. Adrian Burden

Dr. Moran, after the winner announcement, commented "we have presented our business plan many times previously, but this was an occasion when the technology, the business strategy and the market opportunity for Singular ID was closely scrutinized by a very diverse and capable panel. To have won the approval in this way is extremely encouraging for all of our stakeholders." Dr. Burden, on the other hand, emphasizes on the opportunities for the European market "For Singular ID this means we can set up our European operations ahead of schedule. We will be drawing up the detailed plans over the coming months, but Singular ID Europe will comprise a business development office and applications laboratory that leverages on the nanotechnology facilities that have recently opened in the Veneto cluster."

Key advantage for the winners of Nanochallenge 2005 is the potential impact their solution can have on the major players in luxury and pharmaceutical industries, based both in Italy and continental Europe, who can be easily served from Singular ID's headquarters in Veneto (North-East of Italy).

For further information: www.singular-id.com - info@singular-id.com

####
Contact:
Marco Signorelli
Project Manager, Nanochallenge
marco.signorelli@venetonanotech.it
Tel. +39 049 7705514

Copyright © Veneto Nanotech

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Materials/Metamaterials

'Giant' charge density disturbances discovered in nanomaterials: Juelich researchers amplify Friedel oscillations in thin metallic films November 26th, 2014

Lawrence Livermore researchers develop efficient method to produce nanoporous metals November 25th, 2014

Research yields material made of single-atom layers that snap together like Legos November 25th, 2014

Aromatic food chemistry to the making of copper nanowires November 24th, 2014

Announcements

SEMATECH to Showcase Innovation and Advances in Manufacturing at SEMICON Japan 2014: SEMATECH experts will share the latest techniques, emerging trends and best practices in advanced manufacturing strategies and methodologies November 26th, 2014

Australian startup creates world’s first 100% cotton hydrophobic T-Shirts November 26th, 2014

The mysterious 'action at a distance' between liquid containers November 26th, 2014

'Giant' charge density disturbances discovered in nanomaterials: Juelich researchers amplify Friedel oscillations in thin metallic films November 26th, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More












ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE