Nano Discovery, Inc. Wins $100,000 Florida Technology Grant

ORLANDO - Nano Discovery, Inc., a medical research bioassay company headquartered in southeast Orlando was recently awarded a Florida Technology Transfer and Commercialization Partnership Grant.

Dr. Qun Huo, founder and chief executive officer of Nano Discovery, LLC, and an associate professor at University of Central Florida’s NanoScience Technology Center, said the $100,000 grant will help further her efforts to develop a new bioanalytical technology for biomolecular and research and medical diagnosis using gold nanoparticles.

Nano Discovery expects to commercialize this new technology to the biomedical research community in 1-2 years and diagnostic market in 3-5 years.

Nano Discovery exhibited its latest technology products last month during the Particle 2010 conference on Medical/Biochemical Diagnostic, Pharmaceutical, and Drug Delivery Applications of Particle Technology at the Regal Sun Resort at Lake Buena Vista.

Nano Discovery LLC is a client of the UCF Business Incubation Program in the Central Florida Research Park.
* * *


For more information about this release contact: Dr. Qun Huo, Chief Executive Officer, Nano Discovery, Inc, 407-770-8954 huo@nanodiscoveryinc.com; Carol Ann Dykes, Site Manager, UCF Business Incubation Program, 407-882-0211, cdykes@mail.ucf.edu

About the UCF Business Incubation Program: Since its founding in 1999, the UCF Business Incubation Program has helped more than 140 emerging companies (including 90 current clients) create over $800 million in annual revenue and more than 1600 new jobs with an average salary of $59,000. With seven facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, City of Sanford, the City of Winter Springs, Lake County, the City of Leesburg, Osceola County, The City of Kissimmee, the City of St. Cloud and the Florida High Tech Corridor Council. For more information, please visit www.incubator.ucf.edu.