Scientists showcase research in Parliament

A University of Manchester spin-out which leads the development of quantum dots and technology allowing energy efficient lighting and televisions has showcased its work in Parliament, as part of a national campaign run by the Royal Society of Chemistry and Institute of Physics. Entitled 'Inspirational science for a modern economy' , the campaign demonstrates UK success stories, both in chemistry and physics, where innovations and companies have been formed from university science departments. The campaign highlights the importance of long-term government funding to science and the benefits it has on the UK economy. The UK science and innovation system produces 15.9% of the world's most highly cited publications, despite research and development investment (1.6%) falling behind competitors such as the USA and Germany, who invest 2.8% and 2.9% respectively. Professor Paul O'Brien and Dr Nigel Pickett founded Nanoco Technologies Ltd at the University of Manchester in 2001 to progress the development of quantum dot technology. By 2013, Nanoco had a market capitalisation value of £384m. Nanoco has been working to develop quantum dots for display applications.