Issue Date: August 31, 2009
U.K. Nanotech Firm Wins More Funding
Surrey NanoSystems, a 2006 spin-off from the University of Surrey, in England, has secured about $4.2 million in its second round of venture capital funding. Investors include Octopus Ventures, IP Group, and the university. Surrey says the funding will help it commercialize a low-temperature growth process for carbon nanotubes. According to the firm, adoption of nanotubes as a semiconductor circuitry material has been hindered by the high temperatures required for their growth.
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