Biotech Companies Will Save Millions of Dollars
Innovation Park at Penn State Helps Transform Company

The technology created by Oleg Shinkazh, founder and CEO of Chromatan, is saving biotech companies – especially pharmaceutical producers – millions of dollars. The soft-spoken Shinkazh is proud that a process he developed is contributing to real advances in the production of important medicines that save human lives.

“I have created a new chromatography method that eliminates many of the problems that are currently faced in the industries we serve,” Shinkazh said. “It allows our customers to cut costs by at least 50 percent.”

Founded in Boston in 2008, Chromatan really started to experience success in 2012 from its new home at Innovation Park at Penn State.

Phase One Clinical Trial Set to Begin in Early 2016

Keystone Nano, a company located in the incubator in Innovation Park, received a $2 million grant from The National Cancer Institute (NCI) to support the phase one clinical trial of Ceramide NanoLiposome (CNL), a potential cancer therapy.

Most current chemotherapy treatments have little to no selectivity for cancerous tissue, resulting in damage to healthy tissues. That, in turn, can lead to uncomfortable and intolerable toxic side effects that limit the dosage of treatments a patient can have.

Airnest Shows off Software at the Maker Faire in Pittsburgh On October 10 and 11, Airnest, formerly Ares Drones, showed off their latest developments in the Drone Software Revolution at the Maker Faire in Pittsburgh. With more than 200 different exhibits, presentations, and performances, the 2015 Pittsburgh Maker Faire was a festival of innovative ideas focusing on 3-D printing, robotics, education, and more.

Those in attendance got to see the new Airnest app in action before it’s released on the iOS store. Visitors were invited to try out the new motion camera feature, which allows users to move the drone’s camera while it’s in the air by simply panning and tilting the iPad.

Live flight demos were held Saturday and Sunday.

To learn more about Airnest, follow the company on Facebook and Twitter.

Will Your Journey be Next?

Coming in Our Next Issue: Penn State Law’s Entrepreneurship Assistance ClinicBeginning in spring 2016, the Penn State Law Entrepreneur Assistance Clinic will allow students to represent entrepreneurs, startups, and nonprofit organizations in a setting similar to a small law firm. Under the direction of Adjunct Professor of Law Tom Sharbaugh, students will provide legal services to the clinic’s clients in much the same manner as practicing lawyers. We’ll have more details in our next issue.

So, what’s your story? We want to tell it. Email This email address is being protected from spambots. You need JavaScript enabled to view it. to be featured in an upcoming issue of Journeys.

The Incubator program, managed by the Chamber of Business and Industry of Centre County, has welcomed five new business startups to its space in the Innovation Park Technology Center at Penn State. It is also adding two new affiliate members.

Don McCandless, Director of Business Development for the Ben Franklin Transformation Program, is pleased to introduce the new startups.