Founders Mohsen Molaienasab& Ebrahim Mohaghegh Torbati established Green NanoTEchnology in November 2004 to design, develop, manufacture, & market innovative products based on Nanotechnology.Originally created as a way to transfer and commercialize Nanotechnology from the leading edge work of its co-founders at The University of Tarbiat Modarres , privately-held Greennanotechnology has focused on developing its core technology, the Biomaterials , and the associated technologies required for the production of MEMS-based products since its inception.

As its technology has matured, Greennanotechnology has leveraged its investment by pursuing products in four distinct areas in life and applied sciences. Greennanotechnology is now in the first stages of developing specific products for market launch and is preparing to finalize its initial product designs and begin to generate product-based revenues in addition to its MEMS Foundry Services revenues.