InnoNano studies, a easy water era company incubated at Indian Institute of generation Madras, on Monday finalized an settlement with US-primarily based energy and water funding firm NanoHoldings for an $18 million investment.
With an intention to make India an exporter of water technology, the employer plans to installation amanufacturing facility, a contemporary studies laboratory and generation transport offices throughoutNorth america, Asia and Africa.
“we’re satisfied that we supported this attempt at IIT Madras. Nano task is looking forward to extra such efforts regarding the fundamental wishes of human beings and we are geared up to help them”, saidRajiv Sharma, director of Nano venture at the branch of science and technology, which helps theundertaking.
“these technology are destined to alternate the sector in a giant manner,” said Justin hall-Tipping, leaderexecutive of NanoHoldings, which has been helping international patenting interest for the team and IIT Madras for the final four years.
eight–year–antique InnoNano research was seeded at professor T. Pradeep’s laboratories. It becamestarted out via an IIT Madras chemical engineering graduate, Anshup.
“looking back at crucial milestones in our evolution, i am 100% convinced that this development for water purification technologies and merchandise could have befell handiest in India,” stated Anshup, who iscoping with director of InnoNano.
The team, at the side of other studies students and postdoctoral fellows, evolved various technologiesto tackle numerous contaminants in drinking water, preserving worldwide first-class standards, theemployer said.
Pradeep, co-founder and adviser at InnoNano research, said extra will come out of such support.
“Water is an area in which India desires self-reliance and every technology and each attempt topics on this noble goal. Water technologies ought to be inclusive as water itself presents giant variety, bothregionally and globally,” he stated.