Merck Invests In Israeli Startup ‘QLight Nanotech’

German pharmaceutical company Merck announced it is investing in Israeli startup company QLight Nanotech, which develops Quantum Dots – semiconductor nanocrystals that display unique optical and electrical properties. Qlight’s nanocrystals are used for solid state lighting (LED) systems, flat panel displays and other optical applications. Financial details were not disclosed, but the company noted that the deal is expected to close in the second quarter of 2012. QLight Nanotech is a spin-off subsidiary of Yissum, the technology transfer company of the Hebrew University of Jerusalem.