The expansion of a bio technology start-up company in Columbia is expected to create 50 new jobs within five years. Nanova Biomaterials, Inc.’s expansion includes $1.5 million in capital investment.
The research and development company uses nanotechnology to manufacture orthopedic and dental products, such as dental fillings and bone screws. Its parent company was founded in 2007 by a group of four researchers, two of whom are from the University of Missouri.
To assist the company with its expansion, the Missouri Department of Economic Development has authorized an economic incentive package that the company can receive if it meets strict job creation and investment criteria.