Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > University of Utah Students Win $100,000 with Quantum Dot Technology: Quantum Dots Have Wide-Ranging Applications for Solar Panels, Televisions, Cellphones

Abstract:
Quantum dots might be the next big thing in the electronic industry. Scientists are just starting to understand the uses for these manmade, 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, cellphones and related products.

University of Utah Students Win $100,000 with Quantum Dot Technology: Quantum Dots Have Wide-Ranging Applications for Solar Panels, Televisions, Cellphones

Salt Lake City, U | Posted on April 24th, 2012

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.

The prize money for the winning team of David Eccles M.B.A. students Ryan Tucker, Chris Lewis and Ameya Chaudhari will be used by Navillum to refine and increase the scale of their manufacturing process.

"The win reflects on the organizations we have at the University of Utah to support entrepreneurship," Tucker said. "It also helps me get excited that even as students, we can do great things."

The students started the project through the Pierre and Claudette Lassonde New Venture Development Center, which is part of the David Eccles School of Business. The Lassonde Center links faculty inventors with graduate students, who write business plans for them. The Energy Commercialization Center also helped mentor the team.

The researchers behind Navillum are in the Department of Chemistry at the University of Utah. They are Michael Bartl (associate professor), Jacqueline Siy-Ronquillo (post-doctoral fellow) and Nikko Ronquillo (M.D./Ph.D. student).

"The M.B.A. students from the Lassonde Center are invaluable for this endeavor," Siy-Ronquillo said. "They worked hard this past year to research and write Navillum's business plan. They also came up with the winning formula to present our technology at the CU Cleantech New Venture Challenge. We look forward to continue partnering with them. We also welcome other researchers to collaborate and further expand the uses of quantum dots. We are willing to provide our quantum dots for testing cutting-edge technologies."

Navillum competed against teams from nine states in the CU Cleantech New Venture Challenge. Other finalists were from the University of Colorado at Boulder, the University of Colorado at Denver and the Maharishi University of Management (Fairfield, Iowa). The Utah team won because of their superior technology and business plan, according to Steve Herschleb, an M.B.A. student in Boulder and program manager of the competition.

"It was the attractiveness of the technology and the growth potential," Herschleb said. "There's a little bit of risk; the market hasn't fully embraced the technology. But the applications, from a scientific basis, are very promising, and the market is expected to be enormous in the future."

Quantum dots were first discovered in the 1980s, and researches are just starting to discover the best ways to use them. They are tiny semiconductors that emit photons when excited. About four million of them would fit across the diameter of a penny. The color of light they emit depends on the dot's size. Small dots produce light toward the blue side of the spectrum; large dots produce light toward the red side.

The material has a growing number of applications. Navillum focused on applications related to solar technology and energy efficiency to win the CU Cleantech New Venture Challenge. Quantum dots can dramatically increase the amount of energy captured by solar panels and decrease the amount of energy needed for displays on cellphones and TVs, according to Navillum.

But the cost of quantum dots has been a major challenge to widespread use. Currently, a gram can cost $2,500 to $10,000. The high cost is due to conventional processes, which are inefficient and difficult to scale. This is the gap Navillum hopes to fill. Their process uses lower temperatures and produces less waste than the traditional process. The team hopes it will become an industry standard, helping lower costs and drive broader use.

Navillum is well on their way to commercial success. In addition to the $100,000 from the CU Cleantech New Venture Challenge and potential for more at the national competition, they have received $155,000 in grants from the University of Utah, the Utah Governor's Office of Economic Development (GOED) and the Utah Science Technology and Research initiative (USTAR).

"This team is a perfect example of the extraordinary projects underway at the University of Utah," said Jack Brittain, vice president for Technology Venture Development at the University of Utah. "Their success demonstrates the exceptional talent we have in Utah, the programs and people we have to drive them forward, and the unrivaled student opportunities we offer. These opportunities exist because of the incredible vision of Pierre Lassonde and his commitment to supporting exceptional learning experiences for our students."

Learn more about the regional competition at cucleantech.com/nvc/. Learn about the national competition at bit.ly/HDQug1. Learn about technology commercialization at the University of Utah at www.techventures.utah.edu. Learn about the Lassonde Center at www.lassonde.utah.edu.

####

For more information, please click here

Contacts:
Technology Venture Development, University of Utah
105 Fort Douglas Blvd. #604
Salt Lake City, Utah 84113
phone: 801-587-3836
fax: 801-587-5848

Alex Koritz
801-461-9795

Copyright © University of Utah

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Imec Reports Four Percent Growth for 2013 Fiscal Year End —Continues to Accelerate Innovation Through Global Collaborations and Technological Breakthroughs in Nanoelectronics— April 24th, 2014

Multicapacity Microreactor for Catalyst Characterisation April 24th, 2014

Making graphene work for real-world devices: Fundamental research in phonon scattering helps researchers design graphene materials for applications April 24th, 2014

Return on investment for kit and promotion materials April 24th, 2014

Display technology/LEDs/SS Lighting/OLEDs

Progress made in developing nanoscale electronics: New research directs charges through single molecules April 21st, 2014

Transparent Conductive Films and Sensors Are Hot Segments in Printed Electronics: Start-ups in these fields show above-average momentum, while companies working on emissive displays such as OLED are fading, Lux Research says April 17th, 2014

PAM-XIAMEN Offers UV LED wafer April 15th, 2014

Better solar cells, better LED light and vast optical possibilities April 12th, 2014

Govt.-Legislation/Regulation/Funding/Policy

Imec Reports Four Percent Growth for 2013 Fiscal Year End —Continues to Accelerate Innovation Through Global Collaborations and Technological Breakthroughs in Nanoelectronics— April 24th, 2014

Making graphene work for real-world devices: Fundamental research in phonon scattering helps researchers design graphene materials for applications April 24th, 2014

Atomic switcheroo explains origins of thin-film solar cell mystery April 23rd, 2014

High-Performance, Low-Cost Ultracapacitors Built with Graphene and Carbon Nanotubes: Future devices based on technology could bridge gap between batteries and conventional capacitors in portable electronics and hybrid electric vehicles April 23rd, 2014

Announcements

Imec Reports Four Percent Growth for 2013 Fiscal Year End —Continues to Accelerate Innovation Through Global Collaborations and Technological Breakthroughs in Nanoelectronics— April 24th, 2014

Multicapacity Microreactor for Catalyst Characterisation April 24th, 2014

Making graphene work for real-world devices: Fundamental research in phonon scattering helps researchers design graphene materials for applications April 24th, 2014

Return on investment for kit and promotion materials April 24th, 2014

Energy

Making graphene work for real-world devices: Fundamental research in phonon scattering helps researchers design graphene materials for applications April 24th, 2014

Atomic switcheroo explains origins of thin-film solar cell mystery April 23rd, 2014

Like a hall of mirrors, nanostructures trap photons inside ultrathin solar cells April 22nd, 2014

Global leader in solar cell manufacturing eyes New York for major expansion outside of Japan: CNSE and Solar Frontier Explore $700 Million Investment, Job Creation in New York State April 22nd, 2014

Grants/Awards/Scholarships/Gifts/Contests/Honors/Records

Imec Reports Four Percent Growth for 2013 Fiscal Year End —Continues to Accelerate Innovation Through Global Collaborations and Technological Breakthroughs in Nanoelectronics— April 24th, 2014

National Space Society Congratulates SpaceX on the Success of CRS-3 and the First Flight of the Falcon 9R April 22nd, 2014

Energy Research Facility Construction Project at Brookhaven Lab Wins U.S. Energy Secretary's Achievement Award April 16th, 2014

IDTechEx Printed Electronics Europe 2014 Award Winners April 1st, 2014

Quantum Dots/Rods

Shiny quantum dots brighten future of solar cells: Photovoltaic solar-panel windows could be next for your house April 14th, 2014

Nanotech Business Review 2013-2014 April 9th, 2014

'Quantum Dots Market by Product (QD Displays, Lasers, Medical Devices, Solar Cells, Chip, Sensor), Application (Healthcare, Optoelectronics, Sustainable Energy), Material (Cadmium Selenide, Sulfide, Telluride), and Geography - Forecast & Analysis (2013 - 2020)' March 31st, 2014

Quantum Dots Take Center Stage at Inaugural Event: QD Vision Co-Founder and CTO Dr. Seth Coe-Sullivan to Chair First Quantum Dots Forum, March 26, 2014, San Diego, CA March 25th, 2014

Solar/Photovoltaic

Making graphene work for real-world devices: Fundamental research in phonon scattering helps researchers design graphene materials for applications April 24th, 2014

Atomic switcheroo explains origins of thin-film solar cell mystery April 23rd, 2014

Like a hall of mirrors, nanostructures trap photons inside ultrathin solar cells April 22nd, 2014

Global leader in solar cell manufacturing eyes New York for major expansion outside of Japan: CNSE and Solar Frontier Explore $700 Million Investment, Job Creation in New York State April 22nd, 2014

NanoNews-Digest
The latest news from around the world, FREE







  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE