A Durham University, UK, spin-out has gained £100,000 ($140,000) from venture capital firm Northstar Ventures.
Durham Graphene Science will use the money from Northstar’s Finance for Business North East Proof of Concept fund to develop its patented method of manufacturing graphene on a large scale.
Graphene is a sheet of carbon one atom thick, whose conductive, thermal and mechanical properties have seen it talked about as a replacement for silicon in products such as transistors.
Durham Graphene Science filed a patent 18 months ago on a new method of creating graphene by assembling atoms within a reactor.
Durham Graphene Science won the Knowlege Transfer award at this year’s Blueprint Awards, which celebrate the UK region’s most promising university spin-outs.
Founder Dr Karl Coleman, who is employed as a reader in Durham University’s department of chemistry, forecasts that the business aims to reach turnover in excess of £4m in five years and…
