Nanoco secures grant funding from Innovate UK for two quantum technology projects

Nanoco Group plc (LON:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from its technology platform, has announced that it has secured grant funding from Innovate UK, the UK’s innovation agency, for two leading edge development projects for novel nanomaterials that build on Nanoco’s unique patented technology:

·    The first covers the development of singly-doped colloidal dots for potential use in quantum technology applications and has been won in collaboration with The University of Manchester.

·    The second is to develop a new material set, based on alternative chemical elements, for potential use in infra-red sensing and other consumer electronics applications.

The two projects will last 18 and 12 months respectively and will commence early in Nanoco’s FY23. They will deliver funding to Nanoco of around £0.3m in FY23 and around £0.2m in FY24. Any medium term value implications of the projects will depend on the research outcomes.

Brian Tenner, Nanoco’s CEO, commented:

“These Innovate grants highlight Nanoco’s position as the leading edge developer of novel nano-materials for electronics applications. The two projects build on Nanoco’s existing extensive IP portfolio and the expert know-how of our team. They will help to consolidate our position as the leading producer of nano-materials for use in infra-red sensing applications, whilst also expanding into exciting new areas of opportunity.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Nanoco Group PLC

More articles like this

Nanoco Group PLC

Nanoco announces anticipated 20% upturn in annual revenues

Nanoco Group expects its 2022 revenues to be around 20% more than board expectations following a boost to its order intake, it revealed today. The Manchester-based developer of materials used in the manufacture of monitors and TV screens

Nanoco Group PLC

Nanoco: Strengthening customer engagement

Nanoco has announced that a sequence of purchase orders from several existing customers for development work and validation materials means that FY23 revenues are likely to be 20% higher than FY22 rather than at a similar level. We

Nanoco Group PLC

Nanoco secures grant funding from Innovate UK

Nanoco Group, the Manchester-based developer of materials used in the manufacture of monitors and TV screens, has secured grant funding of £500,000 from Innovate UK, the UK’s innovation agency, for two leading edge development projects for novel nanomaterials

Nanoco Group PLC

The power of photonics: from vertical farming to quantum computing

Which industry employs twice as many people in the UK as pharmaceuticals and more than either the space or “fintech” sectors? The answer is photonics, according to the Photonics Leadership Group (PLG) – a trade association representing more than 120

Nanoco Group PLC

Nanoco Group files law suit against Samsung in Germany

Nanoco Group plc (LON:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, has announced an update to its litigation against Samsung for the willful infringement of

Nanoco Group PLC

Nanoco: Reaching two key milestones in H222

Nanoco’s post-close trading update notes that the FY22 performance was broadly in line with management’s expectations. We therefore leave our estimates unchanged except for adjustments relating to the broker option element of the fund-raising programme in June, which

Nanoco Group PLC

Positive organic momentum for Nanoco

Nanoco Group, a Manchester-based developer and maker of nanomaterials for use in commercial applications, has said it has experienced “positive organic momentum”. In a year end trading update, the company said unaudited revenues were £2.4m for the 12

Nanoco Group PLC

Nanoco Group strong progress on the IP litigation

Nanoco Group plc (LON:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, has provided the following year end trading update ahead of the announcement of its

Nanoco Group PLC

Quantum dots offer efficient, colour accurate alternative to LEDs

Quantum dots have been studied and developed as light sources since the 1990s, because of their high colour tunability and colour purity. Due to their unique optoelectronic properties, they show excellent colour performance in both wide colour controllability

Nanoco Group PLC

How Quantum Dots work

When energy is applied to an atom, electrons are energised and move to a higher level. When the electron returns to it’s lower and stable state, this additional energy is emitted as light corresponding to a particular frequency.

Nanoco Group PLC

OLED vs QLED

There may not have been a time with so many TV technology options for consumers, and there certainly has never been a time where so many produce great picture quality or provide a suite of other benefits. But

Nanoco Group PLC

What is Quantum Dot display?

The Quantum Dot Display story starts from the CES, a highly momentous technology occasion in the World as it is a yearly business exhibition arranged by the Consumer Technology Association. This annual business exhibition hosts exhibits of customer

Nanoco Group PLC

Manchester quantum tech company wins big contract

Manchester-based novel nanomaterials firm Nanoco Group plc announced it signed a “major work package” with its “important European electronics customer” that more than doubles the group’s order book year-on-year. As a result, Nanoco said it now expects to exceed its

Nanoco Group PLC

Nanoco Group appoints Mazars LLP as its new auditor

Nanoco Group plc (LON:NANO) has announced that, following a formal tender process, the appointment of Mazars LLP as its new auditor with immediate effect and to include the current financial year ending 31 July 2022. PwC LLP have

No more posts to show