Analysis
NanoKTN Delivers Commercial Success from German Mission for UK Nanotechnology Clean Energy Companies
The Nanotechnology Knowledge Transfer Network (NanoKTN), one of the UK’s primary knowledge-based networks for Micro and Nanotechnologies, has announced details of the significant commercial activity that resulted from an outward mission to Germany in March 2008.
Alec Reader, NanoKTN Director said, “Whilst some positive feedback was received immediately after the mission, it often takes months, in some cases years for contacts to turn into contracts. We have been in regular contact with the mission participants and can now report that 18 months after the mission, some significant commercial activity has resulted for each of the UK companies.”
“The total costs to the NanoKTN were estimated to be £6.2k, which was converted into £510k of income to participants and represents an 82 times return on Technology Strategy Board funds invested. This income was split between £245k of sales won and £275k of research funding.