Nano-C Using $2.4 million Emerging Technology Loan

On August 9, 2018, MassDevelopment approved a $2.4 million term loan to Nano-C, Inc., a Westwood-based company specializing in the production of advanced carbon nanotubes and fullerenes. A spinout of the Massachusetts Institute of Technology founded in 2001, Nano-C is recognized as a leading developer of nanostructured carbon materials for electronics and energy applications, including non-volatile random-access memory chips and solar cells.

The company utilized the loan proceeds to advance the upgrade of its Westwood manufacturing facility, adding new machinery and equipment to support the continued development and refinement of its proprietary manufacturing technologies. Nano-C currently employs 33 full-time staff in Massachusetts, and the investment is expected to strengthen the company’s operational capabilities and long-term growth trajectory.