Nanoco Group PLC

Nanoco Wins Government Grants

Published on 20/8/2012

Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has recently won three grants from the UK Government totalling £736,000.

The grants have been awarded by the UK’s innovation agency, the Technology Strategy Board, which aims to accelerate UK economic growth by stimulating and supporting business-led innovation. All of the grants will support the further development of Nanoco’s quantum dot and nanomaterials technologies.

In addition, Nanoco has received an award under the Knowledge Transfer Partnerships programme administered by the Technology Strategy Board. Under this award, Nanoco is working closely with the University of Salford on a commercially focussed nanomaterials project.

Michael Edelman, Nanoco’s Chief Executive Officer, said:

“These grants from the Technology Strategy Board, and the award under the Knowledge Transfer Partnerships highlight the potential of our technology to contribute to growth in the UK’s innovation-based economy.”Grant funding is non-dilutive and represents a useful additional funding source. Knowledge Transfer Partnerships also have a valuable role in supporting research and in creating the potential for researchers to transfer into industry.”