Sussex-based Advanced Material Development (AMD) has raised a total of £750,000 in funding, as the company launches its plan to exploit the commercial potential of applications for graphene and other 2D nanomaterials.
The company will contribute £600,000 to fund several distinct research projects conducted by the Materials Physics Group at the University of Sussex.
AMD was founded in 2017 after a board of experienced business professionals partnered with Prof Alan Dalton, a professor of experimental physics and lead researcher in the Materials Physics Group.
The business is hosted on campus by Sussex Innovation – the university’s business incubation network – with Prof Dalton acting as its chief scientific adviser.
“We’re delighted to be able to offer this financial boost to the Material Physics Group,” said John Lee, chief executive of AMD.
“Alan is one of the most respected academics researching applied 2D nanomaterials in the world today, and we’re looking forward to sharing the products of his group’s research with the world.”
Prof Michael Davies, pro vice-chancellor (research) at the University of Sussex, added: “We expect this partnership with Advanced Material Development to help deliver enormous impact on behalf of the Material Physics Group.
“At Sussex we pride ourselves on being an engine of economic growth for our region. Commercial partnerships such as these help to drive our world-leading research forward, as well as realising its potential to deliver economic growth, jobs, and benefits to society.”