Joining the ever growing band of distressed nanotech companies is Canada’s Nanonize Corporation which has been selling off its technology. The purchaser Advanced Technetix made a telling comment with “we got it for a fraction of the technologyâ€™s original capital investment and, we believe, its current intrinsic value.”
The valuation gap between what the ever shrinking ‘nanotech industry’ thinks their technology should be worth and real world valuations is reducing all the time as companies founded in the early ’00s run out of cash, or realize that their world beating nanotech doesn’t live up to expectations. Even companies which have decent technology often fail to cross the chasm as a result of lacking the right channels to market, something that larger companies have developed over many years.
This is more or less in line with what we see at Cientifica, with technology acquisitions taking up an increasing amount of our time.