Nano ePrint Ltd, a spin out from the University of Manchester, UK that develops a planar printed electronics technology, has announced that it has finalised an equity funding round of £350k from venture capital investor MTI, and also secured a £230K Grant for Research and Development from the Northwest Regional Development Agency (NWDA).
Nano ePrint’s technology enables planar nanoelectronic circuits that can be fabricated in a single layer of semiconductor via single-step patterning. Its devices achieve very high speeds while reducing circuit size and simplifying manufacture.
The new funds will be used to further develop Nano ePrint’s printed programmable logic architecture, and complements other venture investment and grant funding raised by the company to commercialise its innovative approach to printed electronics.
MTI’s investment has been made via the UMIP Premier Fund, designed to accelerate the growth of businesses emerging from The University of Manchester’s academic departments.
Grant for Research and Development, is part of Solutions for Business, the Government’s package of publicly funded business support designed to help companies start and grow. It is funded by the European Regional Development Fund (ERDF).