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Biotech Startup Nanova

to expand and add jobs

Nanova Biomaterials Inc., a University of Missouri spinoff, plans to begin manufacturing its medical devices in Columbia next year.

Biotech startup Nanova to expand; could add 50 jobs over five years

Nanova was started by Hao Li, Qingsong Yu, Meng Chen and Kenneth Lambert. It uses nanotechnology, which manipulates matter on the molecular and atomic scale to produce particles with new properties, to develop and make medical products and devices. Initially, Li said, Nanova will release dental products and, later, an orthopedic one. He hopes to have Nanova's first product, a dental varnish, ready to hit the market by the middle of next year.

Nanova Biomaterials Inc., a University of Missouri spinoff, plans to begin manufacturing its medical devices in Columbia next year.

Nanova was started by Hao Li, Qingsong Yu, Meng Chen and Kenneth Lambert. It uses nanotechnology, which manipulates matter on the molecular and atomic scale to produce particles with new properties, to develop and make medical products and devices. Initially, Li said, Nanova will release dental products and, later, an orthopedic one. He hopes to have Nanova's first product, a dental varnish, ready to hit the market by the middle of next year."It's a relatively simple product," Li said. "We're going have other, more-fancy products."

The Missouri Department of Economic Development announced yesterday the company would invest $1.5 million in equipment and real estate and could create as many as 50 jobs over the next five years.

The department is offering incentives through the Missouri Works program, which allows a company to keep the payroll taxes that normally are withheld from employee paychecks and sent to state coffers. Nanova has to hire at least 10 people for the benefits to kick in.

"It's another example of technology that's being developed at the university, and the opportunity to see that technology commercialized in the Columbia community is very exciting," said Mike Brooks, president of Regional Economic Development Inc.

Read the rest at the Columbia Daily Tribune >>