Dotz Nano, the Israel-based company established to commercialize a graphene quantum dot production process developed at Rice University's Tour Labs, has received firm commitments to raise $1.5 million via a placement of shares.

The placement was conducted to take advantage of cost sharing grant funding to access up to circa $2 million in grants over the next 12-18 months. The initial grant was awarded to Dotz by the U.S.-Israel Binational Research and Development (BIRD) Foundation. Additional grant funding is directed from the Office of the Chief Scientist of Israel and from the Ministry of Economy.