Israel’s Nanolayers, an organic semiconductor technology company, has become the first company to receive funding approval from the local Heznek program, administered by the Office of the Chief Scientist. Millennium Materials Technology Fund, Nanolayers' lead investor, spearheaded the application.
The Nanolayers technology was developed by Hebrew University’s Shlomo Yitzchaik of and licensed exclusively to Nanolayers by its technology transfer arm, Yissum. The Heznek program is an innovative government program that matches investments dollar-for-dollar, up to one million dollars, made by qualified Venture Capitalists.
Millennium was amongst the first Funds to qualify. The government shares can subsequently be acquired by the investors, at the initial price, at any time within five years.
Nanolayers possesses a new organic chemical deposition process that has the ability to create functional electronic components one molecular layer at a time. These layers exhibit properties that compare with, and even surpass important elements of current inorganic manufacturing technology. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
