As announced just this morning (12/21/2007), NanoMimetics was awarded $25,000 from the GLIDE Innovation Fund.

The Innovation Fund of the Lorain County Community College Foundation, established in 2007, is a regional fund focused on supporting technology-based entrepreneurial endeavors and emerging technology-based businesses.  NanoMimetics, a NEOinc incubator tenant in the MAGNET Incubation Program, receives this grant as part of the inaguaral class of recipients.

The award is an “A Grant”, awarded by the fund to validate technology concepts.  NanoMimetics intends to take their technology, a surface-modification polymer, and extend it from it’s current medical orientation into marine applications.  The technology prevents undersirable adhesion to the surfaces it is applied to.  As identified by NanoMimetics in their application to the fund, “there is a clear, unmet need in the boating industry for a safe and effective coating that can prevent the attachment of undesirable organisms (fouling) on the hulls of boats.”  NanoMimetics coating has shown benefits in medical applications, is expected to be manufactured at a lower cost than current coatings, and is non-toxic.

NEOinc and MAGNET congratulate Roger and his team and wish them continued success in their enterprise.