Although Luebbe won't quantify EnerG2's market, he notes that ultracapacitators made from EnerG2 materials could enhance everything from hybrid vehicle batteries to smart electrical grid technology. The company raised $8.5 million in venture financing in November.
James A. Datin, managing director at Safeguard Scientifics, a venture firm based in Wayne, Pa., likes to see products with a potential market of at least $500 million a year. Last September, Safeguard led a syndicate that invested $12 million in Molecular Biometrics, the Boston IVF startup. Datin was impressed by statistics showing that infertility afflicts 7.3 million people in the U.S. and many millions more worldwide.
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