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Watertown-based nanotechnology-based lighting company QD Vision Inc. has landed a Phase II award under the U.S. Army’s Small Business Innovation Research (SBIR) program to continue the development of micro-displays based on the company’s quantum dot light emitting diode (QLED) technology.
Combined with option funds from the first phase of the project, the new award is valued at $775,000, according to officials.
Under the grant, which comes as part of the Army’s Night Vision and Electronic Sensors Directorate, QD Vision will develop clearer, more efficient micro-displays. While officials would not disclose the precise end products for the Army product, efficient micro displays are used in applications such as video headsets, helmet-mounted displays, wearable computers and other portable devices.
QD Vision is backed by Lexington-based Highland Capital Partners, Waltham-based North Bridge Venture Partners, St. Louis-based OI Ventures, and the Boston office of In-Q-Tel, the strategic investment arm of the Central Intelligence Agency.
The company’s technology is based on the work of Vladimir Bulovic, an associate professor of electrical engineering and computer science at MIT, and Moungi Bawendi, a professor of chemistry at MIT focused on the synthesis of nanomaterials. Both men serve on the company’s scientific board of advisers. Other founders include CTO Seth Coe-Sullivan and director of chemistry Jonathan Steckel.
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