PanaceaNano, Inc., a startup founded by Nobel Laureate Fraser Stoddart and 18-year veteran of Intel Corporation Youssry Botros focusing on pioneering the development and manufacturing of molecular delivery techniques, has been named a winner of the 18th Annual Chicago Innovation Awards. PanaceaNano focuses on designing and manufacturing a molecular delivery technology developed in Professor Stoddart’s laboratory at Northwestern University. The technology, called Organic Molecular Vessels (OMVs) uses commonly available materials to create molecular structures that are both rigid and porous. OMVs are environmentally friendly – green, organic and fully biodegradable. PanaceaNano is currently exploring the use of OMVs in industries including pharmaceuticals, petrochemicals, agrochemicals, food, environmental remediation, and biotechnology.
The Chicago Innovation Awards represent the Chicago region’s foremost recognition for innovative products or services each year. The winners were announced at Chicago’s Harris Theatre on October 28, 2019 with nearly 1500 business and civic leaders, and supporters of innovation in attendance.
Pictured below: Fraser and Youssry accept the Chicago Innovaton Award.