Nanostart ups stake in MINT

The investment by the company, which was created by German-based nanotechnology VC investor Nanostart earlier this year, will be channeled via the Nanostart Early Stage Venture Fund I.

It will help to fund the marketing of MINT's membrane integrity sensor, as well as its global roll-out. Developed at the Nanyang Technological University in Singapore, the sensor facilitates the online monitoring of water quality at water treatment facilities. Launched into the market last year, it is the business' flagship product and current users include the Singaporean Public Utilities Board.

MINT specializes in monitoring and optimizing water treatment facilities. This is designed to help operators achieve cost savings and increase efficiency. The company has developed a portfolio of sensors to record various data at water treatment facilities.

Nanostart Asia Pacific was established in Singapore in April. It is 56 %-owned by Nanostart, with the remaining 44 % held by partners in Singapore and across Asia.

Nanostart Asia has been actively investing in Singapore since 2009, having been founded in 2008 to manage a government venture fund for promoting young nanotechnology companies. Its three holdings include Microlight Sensors, an optical engineering company, in which it injected $5.6 million in 2010.

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• Topics
• Southeast Asia
• Cleantech
• Expansion
• Growth capital
• Singapore
• Cleantech
• Nanostart Asia Pacific