BBIA member Versarien has secured £1.93 million in investment from a South Korean company, following support from Innovate UK EDGE and funding from Innovate UK.
Versarien PLC became the world’s first verified graphene producer in 2019 and uses the extremely strong and highly versatile material to develop commercially viable products for sectors as diverse as automotive, clothing, biomedical and aerospace. Graphene was first isolated at Manchester University in 2004.
Versarien’s development of graphene for commercial production has been supported by Innovate UK through research and development grants and innovation loans. The company was also able to build relationships in South Korea with help from the Innovate UK Global Business Innovation Programme.
The investment by Seoul-based Graphene Lab grants Versarien access to research and production facilities in South Korea and enables the company to develop new graphene-based technologies for the South Korean electronics sector and accelerate projects in Japan, China and other markets.
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