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$15 Million In Funding, Nanotechnology, And Other Lessons From Baratunde Cola – Forbes

Baratunde and team

I have to admit Ive heard of nanotechnology but couldnt define it if asked. In short, its the ability to manipulate and build things on the scale of atoms and moleculeswhen you do this, interesting new physics can appear. If youre wondering how small a nanometer is, there are 25.4 million nanometers in one inch. If youre wondering how nanotechnology applies to you, scientists are using it to make materials and devices lighter, stronger, more reactive, more durable, and of course smaller.

One of those scientists is Baratunde Cola, Ph.D. As founder and CEO of Carbice Corporation, there isnt much his ingenuity wont impact, including the phone you are likely reading this story on. I had a chance to get his thoughts on nanotechnology, time management, rethinking diversity, how Georgia supports entrepreneurs, and how a common thread in his professional and personal life, has been heat. Yes, heat.

Chaka Booker: What does Carbice do?

Baratunde Cola: Every electronic device produces heat as a byproduct and that makes them more expensive, not last as long, and less functional. There aren't many good heat conducting materials in the world. It's hard to have something that gets the heat out and is cost effective during manufacturing. We solve that problem. With nanotechnology we help electronic device packagers make things that perform really well. From satellite radio to coffee makers to cloud computing. We give people the highest capability to dissipate heat and manage thermals at the lowest product costs.

Booker: How is nanotechnology shaping the future?

Cola: Like the silicon chip, without which we wouldnt have the internet or CPUsnanotechnology is the next evolution. It's the ability to put atoms where we want them. Before you took atoms where they were, and you used them. Now we can design them from the bottom up and create new physics. What that means, practically, is that nanotechnology will do for this century what silicon architecture did for the last century, which is huge.

Booker: How should entrepreneurs think about that future?

Cola: Keep an eye on hardware. We've gone through decades of software focus, but hardware enables the software to do more. Hardware is materials. The new competitive advantage is going to be materials. That's where nanotechnology comes in. It's going to disrupt what you can do with materials. It's going to disrupt things like AI, computing, big dataall of that is driven on new hardware.

Booker: Your company recently closed a $15 million series A funding round. What did you learn from that process that would help other entrepreneurs?

Cola: In a nutshell, trust yourself and stay authentic. Despite adversity, despite things making you feel you need to change. When fundraising, find people that appreciate you for who you are. Investors will invest in whatever they want. You can either conform to what other people tell you or you can focus on finding people that like what you like. That can be harder because sometimes they're hidden. Especially in materials because they take a long time, and the sales process can be difficult and long. So, I had to find people that really like investing in the same thing Im interested in.

Booker: Sounds like trial and error and persistence.

Cola: You have to talk to people you think are the right fitand then you're going to be wrong. Those lessons take you to the next person. And the next. And you're probably still not a fit there. Every time, it's listening to what they understood, misunderstood, and adjusting for the next conversation.

Booker: What have been sources of support along the way?

Cola: To build a company, you must build a community around you. I came to Georgia because of things like the Georgia Research Alliance, the Advanced Technology Development Center, and the Georgia Centers of Innovation. Resources like that connected us to what we need to de-risk important parts of our business. For example, you can make these materials all you want, but the EPA regulates nanotechnology. The Centers of Innovation, which is a division of the Georgia Department of Economic Development, helped us get through the EPA qualifications and certifications. This whole Georgia ecosystem has wrapped us in a big hug.

Booker: Whats been most helpful about this community?

Cola: There is so much in terms of human resources, connections to information, access to non-dilutive funding in collaboration with Georgia Tech, which allowed us to get EPA certification. Our business is to help our customers solve their hard thermal challenges and realize their product goals. That is where we want to spend our primary resources. The Centers of Innovation allowed us to stay focused and meet a critical business need.

Booker: You are a CEO, professor, faculty athletics representative, father, board member. What tips do you have for managing time?

Cola: This might not be something people want to hearbut you have to start practicing doing a lot of things early in your life. By now I'm pretty good at compartmentalizing my focus and spending a hard 30 minutes doing something, taking a break and spending a hard 30 minutes doing something else. But theres also the reality that my wife's upset with me as we speak because I came home late and the kids are late for an appointment now. Time management will never be perfect and that is okay.

Booker: Two other facets have influenced you. You're a Black man and a former athlete. How have those elements shaped you as a scientist and as an entrepreneur?

Cola: I grew up in Pensacola with a father from the Bronx and Ive seen and experienced a lot of stuff. As an entrepreneur, there's not much that can rattle me. That comes from what I've experienced through sports and some hard times. I'm very grateful for everything. People can say things to me in an investor pitch that would make someone else cry. But I'm just going to take notes the whole time and come back better. The other thing is creativity. People don't think about athletes that way, but to be a top performer, you learn how to deal with a broken play and still drive a great outcome. Those aspects of my life are competitive advantages. I'm very appreciative of my personal story and background because its given me exactly what I need to be successful as an entrepreneur.

Booker: Along the way, youve built a very diverse company. How did you accomplish that?

Cola: I don't really focus on building a diverse team. I think about it differently. You have to unpack the root cause of things.I'm a scientist, so I try to get down to the singular thing that drives the issue. The challenge in America is not diversity. The challenge is the legacy of Black slavery and the lasting economic impacts. Diversity and a lot of issues derive from that. To solve problems, you have to isolate it down to that. The problem of diversity in corporate America is the problem of exclusion of excellence. So, I focus on building the most excellent team from the things and people I have access to. Since, from my personal experiences, I don't have an exclusionary network or mindset, what comes to me is organic. My CTO comes to me organically and he happens to be African American. A gut check for anyone that wants to build a diverse organization is to ask themselves what about them is creating an exclusionary environment? Who's in your circle? How can you expand yourself? How curious are you about other people and cultures? You want your circle so wide that you're able to tap the excellence out of everything.

Booker: How do you get to that point?

Cola: It requires an open mind. What type of books do you read? Who do you take advice from? What movies do you watch? In the business environment, you have to understand you're never going to find the perfect person. Instead, you want to build a culture that brings the best out of the people you bring in. I've been able to focus on culture and that pulls in the type of people I need to do the things they do. And that drove diversity.

Booker: What advice do you have for other entrepreneurs of color?

Cola: Embrace your history. Don't hide from Black slavery. Don't hide from Jim Crow. Make that story a powerful story because it is a powerful story. It is one of resilience. I think you have to almost create a superhero narrative in your mind. Figure out how to take everything in your story and make it a positive you can leverage. I had a football coach and every day of practice he would say, Pray for heat. Pray for heat. Because you get stronger in the heat. Take the heat of history and turn it to a positive. It is easy to say that but hard to live it, because of the emotions. When you feel those emotions, use them too. When I was feeling that way recently, I took my family to the National Memorial for Peace and Justice in Montgomery. I told my children what I am telling you. Take that history and turn it from anger or shame, into power. That is the key.

The conversation has been edited and condensed for clarity.

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$15 Million In Funding, Nanotechnology, And Other Lessons From Baratunde Cola - Forbes

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Global Nanotechnology Enabled Coatings for Aircraft Market 2020 Competitive Analysis PPG, Applied Thin Films, ZKJN, MDS Coating Technologies KSU |…

The latest study titled Global Nanotechnology Enabled Coatings for Aircraft Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 published and collated by features an analysis of the present-day and historical scenario of the global market. The report specifies all aspects of the global industry, covering current as well as upcoming technical and financial details of the market. The report elaborates information on the important market trends, challenges, and growth factors pertaining to the global Nanotechnology Enabled Coatings for Aircraft market. The research also offers insightful information as to how the global market would develop and expand over the projection tenure, from 2020 to 2025. It comprises significant information related to different product definitions, market classifications, geographical presence, and players in the industry chain structure.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Important Market Dynamics Discussed In The Report:

Additional indicators like key market drivers, growth trends, growth areas, probable opportunities of the market, market estimates, and forecasts at the regional and country-level as been included in the report. The research document studies prominent manufacturers of the market and discusses factors such as organization profiles, production, cost, sales, product specification, potential, and other essentials. The study spots light on dynamics about various aspects of the global Nanotechnology Enabled Coatings for Aircraft market, which assists various companies found in the market in strategizing business plans and decisions. Growth prospects of the global market are highlighted in the report. In addition, an estimation of statistics pertaining to the said market in terms of value and volume is given.


Some prominent players in the global market comprise the following: PPG, Applied Thin Films, ZKJN, MDS Coating Technologies, Kimetsan, Powdermet, EnvAerospace, Luna Innovtions, FlightShield, ToughGuard, Ceramic Pro

Based on the type of product, the global market segmented into: Anti-corrosion & Abrasion Nano Coatings, Anti-icing Nano Coatings, Nano Thermal Coatings

Based on the end-use, the global market classified into: Commercial Aircraft, Military Aircraft

Based on geography, the global market segmented into: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)

A detailed description of future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments, and other latest industrial developments has been included in the report. The report encompasses the global Nanotechnology Enabled Coatings for Aircraft market analysis scenario, pricing analysis, revenue, growth stimulators, and most importantly the statistical figures to assist in getting a clear picture of the market status on both the regional and global platforms.


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AREV Nanotechnology becomes a sponsor of the National Sciences Academy 2021 Hemp Symposium – Yahoo Finance

VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) -- AREV NANOTEC BRANDS INC. (CSE: AREV) (OTC: AREVF) (AREV NanoTec), which recently introduced its nanotechnology extraction system to the world, is looking even further to the future, but this time has its sights set on helping to improve food security by way of hemp protein. (

As such, AREV is a sponsor of the inaugural National Hemp Symposium, a joint initiative between the National Academies of Sciences Board on Agriculture and Natural Resources (BANR) and Oregon State Universitys Global Hemp Innovation Center.

The Global Hemp Innovation Center is a globally recognized leading center across multiple diverse industries and research fields which serves the growing international demand for innovative approaches to food, health and fiber.

Michael Withrow, CEO of AREV, NanoTec: Were very excited to have the opportunity to become a sponsor of this very prestigious and critical conference organized by the National Science Academies & Oregon State University. This conference further expands opportunities for this sector and for AREV NanoTec as we venture towards further sophistication of our research and development in phytomedicialzation and innovations in extraction technologies use

AREV NanoTecs proprietary extraction systems extract ultra-fine particulates from everything from plants to soil, making it a natural fit for the production of hemp protein.

According to the Global Hemp Innovative Centre, hemp seed contains 20 to 30 per cent edible oil; 25 to 30 per cent protein, which includes eight of the daily essential amino acids recommended for humans 20 to 25 per cent fiber, 20 to 30 per cent carbohydrates and many essential nutrients and vitamins.

Grain or oilseed hemp products include hemp seed, seed flour, seed protein, seed powder, seed oil and hemp meal. Today, hemp grain is used in human health food because of the desirable ratio of omega-6 and omega-3 fatty acids in hemp oil.

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The virtual conference, which takes place Feb. 9 to 10, offers a diverse program with a broad focus on both what the industry has accomplished to-date and what lies ahead. For more information visit the National Hemp Symposium.

Dr. Roscoe Moore DVM, MPH, PhD Former Assistant United States Surgeon General (retired) who serves on the Board of Global Virus Network at the Institute of Human Virology (IHV) University of Maryland and a member of to the Scientific Advisory Board was quoted AREV sponsorship of this important conference with the National Science Advisories supports ongoing contributions to the dramatic shifts we are seeing in this very promising sector of agriculture, human health and discovery. Our continued participation in Scientific conferences that are contributing to Scientific exchange affords the Company new opportunities or growth and development as we explore new applications in dynamic extraction technologies for therapeutic developments.

For further information, contact Mike Withrow,, 778-929-6536. For more information visit

On behalf of the Board,

Mike Withrow CEO & Director

About AREV NanoTec Inc. AREV NanoTec Brands Inc. (AREV) is an early stage publicly traded life science development enterprise focused on phytomedicinal extraction of novel therapeutic approaches to infectious diseases and subsequent comorbidities via its proprietary extraction systems to identify promising small molecules that present novel mechanisms of action in human and veterinary science.

AREVs model is to toll process extraction of targeted essential and functional oils and license its formulations to Licensed Producers in Canada. The company utilizes toll processors in foreign countries to encapsulate and package its formulations that can be sold in traditional distribution channels and online.


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AREV Nanotechnology becomes a sponsor of the National Sciences Academy 2021 Hemp Symposium - Yahoo Finance

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Organic Field-effect Transistor (OFET) Market likely rise in evaluation by the end of 2027 | University of California, Santa Barbara, Catalan…

The following Organic Field-effect Transistor (OFET) market report provides the clients with a successive assessment of the market in terms of different market dynamics to ensure a good growth curve is maintained. The report extensively focuses on the secondary as well as the primary aspects of research and as a result, our clients are provided with an intelligence report that is a one-stop solution for all our clients market research needs.

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Vital players mentioned in this report: University of California, Santa Barbara, Catalan Institute of Nanoscience and Nanotechnology, National Institute of Material Sciences, Graphenea and Chalmers University of Technology.

The following research report has been assessed while taking into consideration the impact of the global COVID-19 pandemic which has had a significant impact on the markets. The report will provide the client with an assessment of how the pandemic has affected the Organic Field-effect Transistor (OFET) market and will provide the essential information needed to tackle the new challenges in the market.

Market Segmentation Analysis:

The Organic Field-effect Transistor (OFET) market report has been segmented into various sub-segments in order to make it easy for the clients to read and comprehend in a very efficient way. The segmentation adds a structure and ease of access to the data that could otherwise be overwhelming just due to the sheer volume of it.

Segments by Type:

N type transistorP type transistor

Segments by Application:

Flexible OLED displaysSmart cardsTags

Segments by Region:

North America (United States, Canada, Mexico)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

Europe, Middle East and Africa (Germany, France, UK, Russia and Italy, Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

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Organic Field-effect Transistor (OFET) Market likely rise in evaluation by the end of 2027 | University of California, Santa Barbara, Catalan...

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Impact Of Covid-19 On Nanotechnology in Medical Market 2020 | Enormous Growth With Recent Trends & Demand By Top Vendors Amgen, Merck, Novartis,…

The global Nanotechnology in Medical market report provides comprehensive product analysis which includes its expected performance, pricing factors, and potential developments during the forecast period 2020-2027. The report confers information about the markets overall performance, challenges, threats, and opportunities that reflects the present and future market scenario. Along with this, it lays out details on the latest government regulations and norms that impact the growth of the market.

A Detailed Analysis of the Impact of COVID-19 on the market

Even though the COVID-19 pandemic has led to the upheaval of the economy, the market is anticipated to maintain an optimistic growth in the forecast period. The research team at DataIntelo has been monitoring the market since the outburst of the pandemic to understand the scope of the market in the coming years. Along with this, it has been conducting interviews with industry experts to provide an in-depth analysis of the Nanotechnology in Medical market.

Note: The market report is updated with the COVID-19 analysis at no extra cost.

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Competitive Landscape

DataIntelos Global Nanotechnology in Medical Market report lists the prominent players of the market and dissects their product catalogs to provide an in-depth analysis of them. This means that the market report discusses its product prices, developments, and performance in recent years. Additionally, it includes the strategies deployed by industry players to sustain during the pandemic outbreak.

The market research report provides information on the mergers, acquisitions, partnerships, and collaborations that have adhered to them to expand their market share. It also lists down their top winning strategies, revenue, market share, profit margins, and volume in sales. Moreover, it also gives insights into the challenges that have faced and steps taken down by them that have negatively impacted their growth in the market.

The prominent players of the market are:

AmgenMerckNovartisRochePfizerSmith and Nephew

Note: Additional or specific company profiles can be added to the list.

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Nanotechnology in Medical Market Segment Insights

By Products

Nano MedicineNano DiagnosisOther

The market research report provides information on the product in a detailed manner. This means that this segment covers the products market share, CAGR, profit margins, and raw materials used for it. It also includes its recent innovations and developments by the industry players. The report unleashes its emerging trends and new market avenues that can create remunerative opportunities for the new entrants or the established players in the market.

By Applications


The report provides a detailed analysis of the products application segment and potential applications in the coming years. It provides information about the volume in sales, revenue, and other crucial data figures in a concise manner. Along with this, it gives insights into the lucrative opportunities an application can produce in the market during the forecast period. Moreover, the market research report unleashes the challenges an application can create to the market.

By Regions

Note: A country of choice can be added to the list at no extra cost. If more than one country needs to be added to the list, the quote will depend on the research factors accordingly.

Nanotechnology in Medical market report provides the esteemed reader with the extensive regional analysis to truly determine the potential worth of investment and opportunities in the particular region/country. The report is prepared considering the social and economic developments of the region while also understanding the political and environmental status of the same. Furthermore, it lists important government regulations and policies that impact the dynamics of the market.

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The market research report can be customized according to the requirements. This means that the report can be customized on the basis of a particular product, application, or region which suits the clients needs.

Below is the TOC of the report:

Executive Summary

Assumptions and Acronyms Used

Research Methodology

Nanotechnology in Medical Market Overview

Global Nanotechnology in Medical Market Analysis and Forecast by Type

Global Nanotechnology in Medical Market Analysis and Forecast by Application

Global Nanotechnology in Medical Market Analysis and Forecast by Sales Channel

Global Nanotechnology in Medical Market Analysis and Forecast by Region

North America Nanotechnology in Medical Market Analysis and Forecast

Latin America Nanotechnology in Medical Market Analysis and Forecast

Europe Nanotechnology in Medical Market Analysis and Forecast

Asia Pacific Nanotechnology in Medical Market Analysis and Forecast

Asia Pacific Nanotechnology in Medical Market Size and Volume Forecast by Application

Middle East & Africa Nanotechnology in Medical Market Analysis and Forecast

Competition Landscape

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Impact Of Covid-19 On Nanotechnology in Medical Market 2020 | Enormous Growth With Recent Trends & Demand By Top Vendors Amgen, Merck, Novartis,...

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Global Nanotechnology Market 2025: Nanosys, Inc., Nanophase Technologies Corporation, Altair Nanotechnologies Inc., ZyvexCorporation, Acusphere, Inc.,…

Introduction and Scope: Global Nanotechnology MarketThis in depth investigative assessment report of Global Nanotechnology Market is a strategic compilation of elaborate market factors and influencers that tend to direct growth progression along specific growth trajectory, resulting in both affluent growth returns as well as challenged progress which are vital elements in influencing growth progression. The report critically focuses on multifaceted elements dominant in the commercial space that accelerate and influence growth progression. Details pertaining to several supporting aids functional in the market space have been outlined in the report to encourage mindful investment discretion amongst leading players and new market aspirants gaining prominence in the competitive isle of global Nanotechnology market.

The Nanotechnology market report also shares details on strategic assessment of various market sub-markets aligning with trend assessment and futuristic possibilities that orchestrate high growth returns. The report is a highly desired market presentation that allow market players gauge into investigative assessment to draw ample understanding and focus on economic possibilities, regulatory guidelines, as well as regional and country specific developments which further optimize growth projections.

Vendor Profile:Nanosys, Inc.Nanophase Technologies CorporationAltair Nanotechnologies Inc.ZyvexCorporationAcusphere, Inc.Bruker Nano GmbHUnidym, Inc. (subsidiary of WisePower Co.)AblynxAdvanced Diamond Technologies, Inc.SouthWestNanoTechnologies, Inc.PEN, Inc

Expert research opinion also ensures that the tremors of growth disruption is a significant concern which is further believed to demonstrate feasible implications in the coming times as well.

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The market is roughly segregated into: Segmentation by TypeNanomaterialsNanotoolsNanodevices

Segmentation by ApplicationAerospace and DefensePharma & HealthcareFoodEnergyAutomotiveElectronics

Therefore, appropriate growth rendering initiatives are being conceived by various market participants to reverse growth limitations and recoup healthy market expansion throughout growth trajectory.

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What to Expect from the Report? This highly unbiased research documentation serves as an appropriate tool to gauge into prevalent and concurrent market situations that constantly shape onward journey. Further, favoring the futuristic investment discretion of budding entrepreneurs, new market entrants as well as established veterans seeking to cement a sustainable lead amidst a highly staggered competitive landscape, this report compilation is aimed at serving as an appropriate reference guide to trigger relevant business decisions, eying sustainable growth. The report also doles out an effective segment overview, highlighting chief growth projections across independent Nanotechnology market segments. Based on the segment potential, market players and key manufacturers can well develop effective growth appropriate business decisions. The report is a ready-to-use reference document to plan and implement growth steering business strategies aligning with diverse geographical specificities and customer expectations.Looking for provoking fruitful enterprise relationships with you!

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Global Nanotechnology Market 2025: Nanosys, Inc., Nanophase Technologies Corporation, Altair Nanotechnologies Inc., ZyvexCorporation, Acusphere, Inc.,...

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