Tag Archives: Frost & Sullivan

RUSNANO commended for its strategies

A June 29, 2016 Frost & Sullivan press release on PR Newswire provides an overview of RUSNANO’s (Russian Nanotechnologies Corporation) current status and a few brief historical notes,

Based on its recent analysis of the nanotechnology investment market, Frost & Sullivan recognizes RUSNANO with the 2015 Frost & Sullivan Award for Enabling Technology Leadership in Russia. RUSNANO has played a significant role in transforming scientific developments in nanotechnology to commercial businesses that attract private investments. By rolling out innovative nanotechnology-based products, it facilitates the diversification and modernization of the Russian economy.

“When investing in companies during their growth stage, RUSNANO may acquire a significant stake in the charter capital,” said Frost & Sullivan Best Practices Analyst Lidia Szypulska.  This allows its investment team, along with the management of the portfolio company, to define the strategic direction of the company’s development and take the steps required to improve its operational performance. RUSNANO executes its long-term business plan ahead of schedule. For the second year in a row, it has a profit (according to IFRS) despite the fact that it was not forecast to turn a profit before 2018, demonstrating high performance.

The combined turnover of RUSNANO’s portfolio companies was RUB 341 billion in 2015 while the overall Russian nanoindustry turnover was more than 1 trillion RUB, more than one-third of its total production. To extend its dominance, RUSNANO fosters relations with international investment funds and manufacturing companies in high-development locations such as the United States, Europe, Israel, Japan, India, and China.

“RUSNANO’s future strategy involves setting up 100 plants and R&D centres by 2020. It expects revenues from its portfolio companies to reach RUB 600 billion by the same time,” noted Szypulska. “Already, more than 20 of RUSNANO’s portfolio companies are applying nanotechnologies transferred to Russia from the US, France, Germany, the Netherlands, and Israel. RUSNANO also invests in several foreign companies that base their research or manufacturing in Russia.”

As for the history,

RUSNANO is one of the largest technology investors in Russia, focusing mainly on raising private capital to finance promising hi-tech enterprises that need capital to boost production or sales volume. In 2013 [emphasis mine], RUSNANO optimized its business model by separating the functions of asset management and asset ownership by incorporating a management company, RUSNANO Management Company LLC. The company aligns its priorities with the Russian government for developing the nanotechnology industry. With a significant government investment of RUB 101 billion, RUSNANO hopes to match global nanotechnology developments and lead the international hi-tech investment sector by 2020.

The most promising end-user sectors for nanotechnology are power production, nanomaterials, nanoelectronics and optoelectronics, telecommunications, healthcare, biotechnology, construction, mechanical and instrumental engineering, and chemically and petrolchemical industries. RUSNANO has so far invested in 105 projects and launched 68 plants and research and development (R&D) centres in 28 regions of Russia.

Yes, 2013 was an interesting year for RUSNANO as I noted in my May 17, 2013 post titled: Russia’s nanotechnology efforts falter? Apparently. Putin was not thrilled with RUSNANO’s results up to that time and there were rumblings. After all that, it must be nice to have the efforts be recognized. One minor niggle, I can’t tell whether or not RUSNANO is a client of Frost & Sullivan’s.

For anyone curious about Frost & Sullivan, from the About page (A Message from Our Chairman),

We’ve spent more than 50 years guiding our clients toward transformational growth strategies by focusing on innovation opportunities driven by disruptive technologies, mega trends, emerging markets and new business models. Today, more than ever before, companies must innovate, not only to survive, but thrive in the future. The risks of resisting change – the “innovator’s dilemma” – massively outweigh outweigh [sic] pursuing the safe and predictable. The consequences are too great to ignore.

Ooops (“outweigh outweigh” in the Chairman’s message)! Everyone makes mistakes.

Catching up with Vive Crop Protection—advanced insecticide formulations, marketing in the US, and more

Starting with the “and more” part of the headline, it’s great to have found an article describing Vive Crop’s technology in language I can understand, Sadly, I failed to see it until Dec. 26, 2013,. Titled “Vive La Crop! nanotech venture vive crop protection of toronto has developed a more eco-friendly way to keep pests, fungi and weeds out of farmers’ fields. and that’s just the beginning,” is written by Tyler Hamilton for the April 2012 issue of ACCN the Canadian Chemical News (L’Actualite chemique canadienne) and it answers many of the questions I’ve had about Vive Crop’s Allosperse technology,

Pesticides don’t have the best reputation when it comes to their potential impacts on human health, but even more concerning — for regulators especially — are the volatile organic solvents frequently relied on to deliver crop-protection chemicals to farmers’ fields.

The solvents themselves are often known carcinogens, not the kind of thing we want on farmland that grows soy, corn and wheat. And they’re not as effective as they could be. Farmers tend to overspray to make sure enough of the active ingredients in insecticides, fungicides and herbicides are dispersed across a field to be effective.

It’s why Vive Crop Protection, a Toronto-based nanotechnology company specializing in crop protection, has been attracting so much attention from some of the world’s biggest chemical companies. Vive Crop (formerly Vive Nano, and before that Northern Nanotechnologies) has done away with the need for volatile organic solvents.

At the heart of Vive Crop’s technology are polymer particles the company has trademarked under the name Allosperse, which measure less than 10 nanometres in size. It describes these particles as ultra- small cages — or “really tiny little FEDEX boxes” in the words of CEO [Chief Executive Officer] Keith Thomas — which hold active pesticide ingredients and are engineered to disperse evenly in water.

Even and thorough dispersal is critical. Avinash Bhaskar, an analyst at research firm Frost & Sullivan who has followed Vive Crop closely, says one of the biggest problems with pesticides is they tend to agglomerate, resulting in uneven, clustery distribution on fields. “You want uniform distribution on the soil,” Bhaskar says. “Vive Crop’s technology prevents agglomeration and this is a key differentiator in the market.”

How Vive Crop chemically engineers these Allosperse particles is the company’s core innovation. It starts by dissolving negatively charged polymers in water. The like charges repel so the polymers spread out in the solution. Then positively charged ions are added to the mix. These ions neutralize the charge around the polymers, causing the polymers to collapse around the ions and create a kind of nanocage — the Allosperse.

The company then filters out the positive and negative ions and loads up the empty cages with molecules of active pesticide ingredients. The cage itself is amphiphilic, meaning it has both water-attracting and water-repelling areas. In this case, the outer shell attracts water and the inner core doesn’t. “While in water the active ingredient, which also hates water, stays inside (the cages),” explains Vive Crop chief technology officer Darren Anderson. Because the outside of the cages like water, the particles freely and evenly disperse. “Once sprayed on the crop, the water droplets evaporate and the active ingredient gradually disperses from the particles that are left behind.” How does Vive Crop assure that the Allosperse cages are amphiphilic? “I can’t tell you the answer,” says Anderson. “It’s part of our secret sauce.”

What the company can say is that the polymer cages themselves are benign. Vive Crop makes them out of chitosans, found naturally in the shells of shrimp and other crustaceans, and polyacrylic acid, the super-absorbent material found in baby diapers.

Interestingly, the core technology appears to be based on a former student project,

The core technology was developed in the early 2000s by Jordan Dinglasan, a chemistry student from the Philippines who took up graduate studies at the University of Toronto. Dinglasan and fellow researchers at U of T’s Department of Chemistry, including Anderson and chemistry professor Cynthia Goh, decided in 2006 that they wanted to reach beyond the walls of academia and create a company to commercialize the technology.

At the time of the Hamilton article, the company had 30 employees. Since the April 2012 article, the company has been busy as I’ve written an Aug. 7, 2013 posting about the US Environmental Protection Agency’s (EPA) approval of Vive Crop’s VCP-01, Bifenthrin 10 DF insecticide for foliar use on crops, turf, and ornamentals. and a September 25, 2013 posting about funding for two Vive Crop projects from Sustainable Development Technology Canada.

Now in the last weeks of December 2013 Vive Crop has issued two more news releases. First, there’s the Dec. 17, 2013 Vive Crop news release announcing a marketing initiative with a US company, AMVAC Chemical Corporation, which is wholly owned by American Vanguard Corporation and is based in California,,

Vive Crop Protection, Inc. and AMVAC Chemical Corporation are pleased to announce a collaboration to develop and market an advanced insecticide formulation for multiple uses in the United States.  The products leverage Vive’s patented AllosperseT technology delivering enhanced agronomic performance and new application opportunities to AMVAC’s customers.

“We are quite excited about working with AMVAC to add to their portfolio of innovative products,” said Vive CEO Keith Thomas. “Vive is rapidly developing a strong pipeline of effective crop protection products for our partners and growers.”

“As part of AMVAC’s continued commitment to innovate and deliver products with the best technology available, we are very pleased to be working with and investigating this new technology from Vive” said AMVAC Eric Wintemute, CEO of AMVAC .

Vive Crop followed up with a Dec. 19, 2013 news release announcing another marketing initiative, this time with United Suppliers (based in Iowa, US),

United Suppliers, Inc. and Vive Crop Protection, Inc. are pleased to announce a collaboration to demonstrate and market advanced formulation technologies in the United States. Targeted to launch in the 2015 growing season, these technologies will leverage Vive’s patented AllosperseT delivery system to provide enhanced agronomic performance and new application opportunities to United Suppliers’ leading-edge owners and customers.

“We are pursuing the capabilities of getting more activity out of the products we are using in current and expanded applications,” said United Suppliers VP of Crop Protection and Seed Brett Bruggeman. “United Suppliers’ retail owners are in the best position to deliver new technology to growers.”

“We are quite excited about working with United Suppliers to provide innovative products to their customers,” said Vive CEO Keith Thomas. “Vive is rapidly developing a strong pipeline of effective crop protection products for our partners and growers.”

About United Suppliers
United Suppliers is a unique, customer-owned wholesale supplier of crop protection inputs, seed and crop nutrients, with headquarters in Eldora and Ames, Iowa. Founded in 1963, United Suppliers is today comprised of more than 650 agricultural retailers (Owners) who operate nearly 2,800 retail locations throughout the United States and parts of Canada. The mission of United Suppliers is to be the supplier of choice while increasing its Owners’ capabilities and competitiveness. To meet this goal, United Suppliers strives to provide Owners with transparent market intelligence, innovative products, reliable market access and customized business solutions. For more information, please visit www.unitedsuppliers.com.

About Vive Crop Protection
Vive Crop Protection makes products that better protect crops from pests. The company has won a number of awards and was highly commended for Best Formulation Innovation at the 2012 Agrow Awards. Vive’s patented Allosperse delivery system has the ability to coat plants more evenly, which provides better crop protection and can lead to increased yields. Vive is working with partners across the globe that share our vision of bringing safer, more effective crop protection products to growers everywhere. For more information, see www.vivecrop.com.

I wish Vive Crop all the best in 2014 as it capitalizes on the momentum it seems to be building.

Pricoil and nanotechnology-enabled products in Ghana

Pricoil Ghana received an award for African technology innovation from Frost & Sullivan in early November 2011. (Canada’s Vive Nano received a similar award [North American technology innovation] in 2010 as noted in my June 25, 2010 posting.) From the Nov. 18, 2011 news item on Modern Ghana.com,

Pricoil Ghana has won the African Infrastructure Chemicals and Materials Technology Innovation Award for the Year 2011 at the African Excellence Awards Banquet in Cape Town, South Africa.

The Award was in recognition of the company’s ability to leverage nanotechnology in the waterproofing industry.

“Nanotechnology is a relatively new technology in the global market and Pricoil’s introduction of the technology into the African market in Ghana is being recognized by this award,” a citation accompanying the award noted.

Frost and Sullivan, a Global Research Platform with over 50 years experience and the awardees said Pricoil Ghana had addressed some key industry challenges facing the continent through the use of their technology innovation strategies.

Frost and Sullivan, the awardees, indicated that products using solvents had been noted to contain volatile organic compounds (VOC’s) which had been shown to have adverse effects on human health and the environment and could be harmful to people. Globally, there is a widespread movement toward the uptake of water based manufacturing processes, moving away from solvent based production.

Frost and Sullivan further stated that in the Ghana market, there were approximately 10 large companies involved in the supply of waterproofing material. The major products which are used in the market are touch on products such as bituminous material.

I got a little more information about the award from the Nov.3, 2011 news release from Frost & Sullivan,

Frost & Sullivan presented awards to thirteen innovators and industry leaders at its prestigious 2011 African Excellence Awards Banquet last night. The annual awards banquet, held at The Westin hotel, honoured companies for outstanding performance across a spectrum of industries, ranging from renewable energy to infrastructure, chemicals and materials, broadband, uninterruptible power supplies, data centres and private power production.

“Frost & Sullivan acknowledges exceptional industry achievements and demonstration of best practices by presenting awards to top companies in regional and global markets,” said Frost & Sullivan’s Operations Manager and Consulting Director for Africa, Hendrik Malan. “Awardees have demonstrated innovation, competitiveness and leadership in meeting the particular demands of doing business in Africa. The products and services that we recognise are examples of how to effectively manage business in the current economic climate.”

As for Frost & Sullivan itself (I always find the investigation of just who is giving the award interesting), I saw this in a Wikipedia essay,

Frost & Sullivan, Inc. is an American firm which provides market research & analysis, growth strategy consulting and corporate training services. Its headquarters are located in San Antonio, Texas, with offices in over 20 countries across the world.

Congratulations to the folks at Pricoil.

Interview with Vive Nano’s CTO, Darren Anderson, and CEO Keith Thomas

I first mentioned the Canadian company, Vive Nano, in my Nov. 9, 2009 posting when it received $3.8M from the Ontario government through that province’s Innovation Demonstration Fund. They’ve been mentioned here since (June 25, 2010 posting about their Frost & Sullivan Technology Innovation Award and Oct. 11, 2010 posting about their marketing efforts in India) and, after my good intentions ran out, I finally got a chance to interview Darren Anderson, Vive Nano’s  Chief Technology Officer and (ETA Mar.1.11) Keith Thomas, President and Chief Executive Officer.

(a) Can you tell me a little bit about why the company is called Vive Nano and give me a brief company history, e.g. was it a spin-off from a university; how many founders are there; how did you get to know each other, etc.?

The company was founded by 6 scientists at the University of Toronto.  The scientists had been working together for years and a number had participated in a course called Entrepreneurship 101, which is run by an Ontario-funded organization called MaRS.  [You can find MaRS here.] We decided to pursue a non-traditional route, instead of joining academia or a research lab – and we have not looked back since.  We spun the company out of the university in 2006 and it really got going in 2007 when the full management team joined and outside investment was brought in.

We chose the name Vive Nano because we felt it would work well across cultures.  When we heard the word vive we thought of life; we felt that it had a strong, vibrant and forward thinking feel.   And we felt that it mirrored our company values:  smart, open and responsible.  We strive to be smart in how we execute our work, open to new ideas and responsible in the application of what we do for the greater good.

(b) The Vive Nano website states that your main focus is developing products for the ‘catalyst’ and ‘crop protection’ industries. Could you give me a little more detail about that? For example, I associate crop protection with pesticides, is that what you mean?

A large part of our work is on improved crop protection formulations that can positively impact crop yields and lower environmental impact.  We work with bioinert and biodegradable polymers in place of the solvents currently used to deliver crop protection products.  We are developing products, including pesticides that have the potential to dramatically reduce the amount of chemicals used by farmers, leading to cleaner air, cleaner soil and cleaner water.  We’re enthusiastic about working in crop protection because the safety standards are very stringent and we’re working with partners with tremendous resources and commitment to ensuring product safety.  Vive Nano also works with catalysts, specifically on materials that help to improve the air we breathe and water we drink.

For our efforts, Vive Nano has been recognized as one of Canada’s Top 10 companies, as a leading green technology company by Deloitte, as one of the 2009 Green 15™, and by Canadian Business magazine as the winner of Canada’s Clean15 competition.  In addition, Vive Nano has received other market recognition including:

·       Frost & Sullivan North American Technology of the Year Award – 2010
·       Next 10 Emerging Cleantech Leaders Award Winner – 2009
·       Ontario Premier’s Cleantech Mission to India

(c)  ‘Partnering on projects’ is also mentioned on the website. Could you explain how what you mean by partnering and what kinds of projects and products you have or are currently partnering on?

Vive Nano partners with a range of companies, from small Ontario businesses to Fortune 500 firms.  We develop the products in conjunction with our partners, who provide project goals and market access.  We are not able to talk about most of our projects, but one of our key projects is to reduce the use of solvents in delivering crop protection products so that the products are more environmentally friendly.  We also have smaller projects to develop advanced glass coatings and to clean water.

(d) The website features a description of Vive Nano Product Stewardship where you state: “… prioritization process to ensure product information for products with known toxic effects, physical hazards or potential consumer exposure is provided to our stakeholders in a timely manner.” Could you give some examples of you how provide this information since you sell products such as nano silver, nano cerium oxide, nano zinc oxide, and nano magnetite, all of which, by the way, are subject to a ‘call for information regarding testing procedures’ by the State of California’s Dept. of Toxic Substances Control.

We are members of Responsible Care® and are committed communicating information about our materials to all of our stakeholders, including our employees, our customers, our collaborators and the general public.   We make Product Stewardship Sheets for our materials available, which provide a product description, the chemical identity, uses, and any known health or environmental effects or potential for exposure, as well as risk management information.

We recognize that the state of knowledge relating to health and environmental effects of nanotechnology is in its infancy and as a result we are taking a conservative approach with respect to the design and manufacture of our materials. We continually monitor legislative requirements regarding nanomaterials and aim to exceed all current guidelines with respect to occupational health and waste streams, including water and air emissions.  Much of the concern surrounding exposure to nanomaterials is regarding aerosols, thus we endeavour to work with our materials in liquid form whenever possible.

As I mentioned at the start, we want to be responsible in what we do for the greater good.  We are working with the Canadian National Institute of Nanotechnology in Alberta on a federally funded multi-million dollar project to ensure that all of our products we develop are safe throughout their product lifetime.  We are also participating in a McGill University study to look at product safety.

I’m going to shift focus with these next questions:

(e) Vive Nano was featured in an Oct. 27, 2010 guest column written by Hari Venkatacharya on the subject of Canadian technology firms and the Indian market. Is this involvement part of a larger strategic focus on international markets and/or where there specific reasons for focusing on the Indian market?

Cleantech is global, by nature.  For several years, we have been working internationally, though mostly focused on developed economies.  A few years ago, when developed economies were having issues with the recession, we made a strategic decision to work with a key developing economy and chose India.  There was a sound business case and good demand for our products.  We also were able to successfully work with Hari to access top level decision makers in that market.

(f) What have you learned from your work in the Indian market?

First, focus is important.  India is too vast, so we don’t have an India strategy, but rather a Maharashtra strategy.  Second, cost is important.  India really forced us to drive down our costs – the economics in India are based on volume, not margin.

We also found it important to put things in writing – as prep or follow-up to phone calls, as we had some significant noise issues, especially with poor quality phone lines.  We had a number of times where we would speak to someone on their cellphone in traffic and have difficulty picking out enough words to understand what they meant.

Lastly, we found we needed to be there, in almost constant contact in person.  We found that progress came in waves.  If you were about to go to India, were there, or had just left, there was progress; otherwise other priorities came to our customers’ minds.  We were just one of probably dozens of opportunities from Germany, France, and the US that kept coming to them.  SO we needed to go back.  And back.

(g) What kind of a market (or markets) is there for your products in Canada?

As I mentioned, a lot of our work is on making better crop protection products.  These will support the $150 billion Canadian agriculture industry, which employs one out of every seven Canadians.  We anticipate that they will result in significant environmental and waste reduction benefits.  We are also working on coatings to improve the energy efficiency of glass and improved catalysts can potentially deliver major advances in water and air purification. Canada has an environmentally-aware population and a desire to be a leader in clean technologies, so we think it’s a great place to be.

(h) Are you working on any new products or partnerships that you can discuss at this point?

One thing that we are very excited about is our anti-reflective glass coating.  It can improve light transmission noticeably.  It is a very different application from our crop protection work, but uses the same underlying technology.

(i) Is there anything you’d like to add?

Nothing I can think of.

I would like to add just a bit more about Darren Anderson. From Vive Nano’s Management Team page,

Darren Anderson, Ph.D. was the founding President of Vive Nano. Dr. Anderson currently oversees all technical direction at the company, including product development, strategic direction, and intellectual property. He is the author of 4 issued patents, 24 pending applications, 10 refereed papers, and over 40 conference presentations and publications. He earned his Ph.D. in Chemistry from the University of Toronto as an NSERC Doctoral Fellow.

Plus, I want to say Thank You for taking the time to answer my questions in detail that I much appreciate. I look forward to hearing more about Vive Nano in general, about the new glass coating product, and about the product safety projects with Canada’s National Institute of Nanotechnology and with the researchers at McGill soon.

ETA Feb.28.11: I understand from Darren Anderson that Keith Thomas, Vive Nano’s President and CEO answered some of the questions. So, thank you to Keith Thomas. Here’s his biography from Vive Nano’s Management Team web page,

Keith Thomas is a proven entrepreneur and was most recently CEO of Vector Innovations, which was backed by a number of well regarded venture firms and successfully exited. He has led a number of large-scale projects, restructuring companies in 3 countries at New York-based Tandon Capital, managing strategy and operations projects at Booz Allen & Hamilton and completing corporate finance transactions at Citibank in the US and Europe. He is a member of the Young Presidents Organization (YPO) and holds an M.B.A. from Columbia University, an M.A. in Economics and a B.A.Sc. in Engineering from the University of Toronto.

Canada’s Vive Nano and its Technology Innovation Award from Frost & Sullivan

Located in Toronto, Ontario (Canada) Vive Nano, a nanotechnology company acknowledged for its leadership in nanomaterial encapsulation technology, received Frost & Sullivan’s 2010 North American award for Technology Innovation earlier this year in April. (I only found out about this last week when Frost & Sullivan distributed a news release to Nanowerk. Did I miss Vive Nano’s announcement or did they just put up a news release and hoped someone would find it?) From Vive Nano’s website press release,

Vive Nano is proud to announce that it has been selected to receive Frost & Sullivan’s 2010 North American Technology Innovation of the Year Award for its unique encapsulation technology to synthesize nanoparticles. After evaluating the field of competing technologies, Frost & Sullivan was impressed by Vive Nano’s flexible process based on the principle of polymer collapse, using basic, benign, water-based inputs. Our process is green, scalable, and inexpensive – critical characteristics for addressing big challenges in global problems like food, water, and energy efficiency.

Frost & Sullivan is a global research organization of 1,800 analysts and consultants who monitor more than 300 industries and 250,000 companies.

The news item on Nanowerk offers a little more insight into Vive Nano’s current initiatives,

Vive Nano’s current industry focus is on crop protection, with subsequent applications identified in cosmetics, consumer products, pharmaceuticals, and other industrial markets. …

Pesticide formulation is a core issue in the agri-food industry. Pesticide active ingredients for crop protection need to be uniformly spread in small amounts over a large area. Towards this end, it is ideally desired that pesticide particles should not agglomerate. Furthermore, formulations of pesticides should effectively address some key industry concerns such as higher manufacturing costs, harmful environment effects, and help deliver an active ingredient which has higher initial and residual efficacy. Among the various formulation techniques, encapsulation, in which the active ingredient is encapsulated by a synthetic or biological polymer to allow for prolonged release of the pesticide over a period of time, has gained prominence in recent years due to the long term advantages it offers.

You can view a silent and text-free animation of Vive Nano’s encapsulation technology here.

I found this description from the news item helpful in understanding the technology that the animation demonstrates,

One of the key attributes of Vive Nano’s technology is that the charged polymer surrounding the core repels other “like charged” polymers thereby preventing agglomeration and helps maintain the nano size of the particle. “Vive Nano’s technology offers some key advantages such as its ability to create nano particles for most chemicals on the periodic table and high scalability in manufacturing that allow it to scale to thousands of tons,” says Frost & Sullivan Research Analyst Avinash Bhaskar. “Further, the technology does not need a dedicated plant and is easy and cost-effective to implement.”

Vive Nano’s initial testing has successfully demonstrated that its nano technology-based formulated active ingredient is highly effective for killing weeds while avoiding the problematic chemical additives that are leading to product bans in a growing number of major markets. Vive Nano’s nanoparticles have the potential to result in improved crop yield and reduced environmental impact.

Congratulations Vive Nano!