Membrane Instruments and Technology Pte Ltd (MINT), a Singapore-based cleantech company, has received an investment from Nanostart AG (OTCQX:NASRY).
The investment was made by the Nanostart Singapore Early Stage Venture Fund, which is managed by Nanostart Asia, a 100% subsidiary of Nanostart AG. The fund now holds an 18% share in the company.
Founded in 2009 as a spin-off from Nanyang Technological University, MINT produces technology for monitoring and controlling water quality in filtration-based water treatment plants. In case of filter degradation or failure, the system enables to immediately introduce corrective measures, resulting in significant cost savings.
The company’s flagship product has already been validated by Singapore’s national water agency.