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Two Nanotech Firms Choose Twin Cities

ST. PAUL-InnovaLight is leasing 5,000 sf at Menlo Park. Aveso is negotiating a lease in northern suburbs after checking out Raleigh, Austin and Madison. The University of Minnesota's Institute of Technology is a draw.

By Jim McCartney | Updated on March 07, 2005

ST. PAUL-The Twin Cities nanotechnology reputation recently got a boost by the recent decisions of two companies to move here. Aveso, a recent spin-off from Dow Chemical that produces ultra-thin low-power printed electronic displays, is negotiating a lease in the northern Twin Cities suburbs.

The firm’s technology would be used in making “smart” credit cards and labels that enhance security and convenience, says Emily de Rotstein, vice president of marketing for Aveso.

Meanwhile, InnovaLight, which is developing a nanotech approach to making light bulbs, moved to St. Paul last month from Austin, TX. The company is leasing about 5,000 sf of space in Menlo Park, a biotech incubator center on University Avenue that once housed the state of Minnesota’s crime lab.

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