SALT LAKE CITY–(BUSINESS WIRE)–Quantum dots might be the next big thing in the electronic industry. Scientists are just starting to understand the uses for these man-made, semiconductor nanocrystals. Quantum dots can emit a wider range of light with less energy than existing materials, so many believe they will be used in future generations of solar panels, televisions, cell phones and related products.
One of the biggest challenges for advancing quantum dots is the manufacturing process. Conventional processes are expensive, require high temperatures and produce low yields. However, researchers at the University of Utah believe they have a solution. They recently formed a startup company called Navillum Nanotechnologies, and their efforts are gaining national attention with help from a team of M.B.A. students from the David Eccles School of Business.
The students recently won first place and $100,000 at the regional CU Cleantech New Venture Challenge. The student competition concluded at the University of Colorado in Boulder on Friday, April 20. The student team advances to the national championship, which will be held in June in Washington, D.C. Student teams from six regions will compete for additional prizes and recognition at the prestigious event. Other regional competitions were held at MIT, Cal Tech, the University of Maryland, Clean Energy Trust (Chicago) and Rice University. All the competitions are financed by the U.S. Department of Energy.
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