Merck KGaA Buys Interest in Israeli Start-up QLight Nanotech
Published: May 22, 2012
Merck KGaA (MKGAY.PK: News ) said it is acquiring an interest in Israeli start-up company QLight Nanotech. QLight Nanotech is a spin-off subsidiary of Yissum, the technology transfer company of the Hebrew University of Jerusalem. With this investment Merck will hold an equity stake in the Israel start-up company. Further financial details were not disclosed. Merck's investment would help the company to accelerate the development of quantum dot-based technology for new applications.