University of Missouri nanotech spin-out Nanova raises $1.5m for expansion project.

Nanotech spin-out Nanova Biomaterials has received $1.5m from the Missouri Department of Economic Development (DED) as part of an expansion package which will see the startup create 50 new jobs over the next five years.

The startup, which was launched earlier this year, is commercialising technology from the University of Missouri. In April, the company raised $6m from China-based venture firm SummitView Capital.

Nanova is developing dental, cardiovascular, and orthopaedic products using nanotechnology, such as a ‘plasma brush’ capable of…

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