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Biotech Industry Lead Invest in Houston-Area Nanotechnology Start-Up.
Knight Ridder/Tribune Business News, April, 2001
By Tom Fowler, Houston Chronicle Knight Ridder/Tribune Business News
Apr. 12--A pair of high rollers in the chemical and biotech industries are investing $15 million in a nanotechnology start-up co-founded by Nobel Prize-winning scientist Richard Smalley.
Gordon Cain, former chairman of Sterling Chemicals, and William McMinn, a frequent investing partner of Cain's, made the investment in Carbon Nanotechnologies, a firm started last year by Smalley, former Lyondell Chemical Chief Executive Bob Gower, and Rice University professors Ken Smith and Daniel Colbert.
The company will use the funds to build two reactors to let it begin making large quantities of nanotubes -- submicroscopic materials that have great promise in building microscopic...
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