Real Deals – UK venture-backed team wins Nobel Prize for Physics

“Scientists backed by MTI have been awarded the Nobel Prize for their research on Graphene, a highly efficient conductor of heat and electricity.

Andre Geim and Konstantin Novoselov of the University of Manchester were awarded the prize for their work on the material, which is so thin it is practically transparent. The material conducts electricity as well as copper and outperforms all other known materials as a conductor of heat.

The commercialisation of the material is being supported by the UMIP Premier Fund, a University of Manchester spin-out fund managed by MTI.

“Although many of those real-life applications of Graphene are still some time away, our proof of principle project is also exploring possible ‘early wins’ in the market,” said Mark Rahn, investment manager of MTI.”

Source article: Real Deals
Source Picture: AP in The Hindu