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"Finnish multinational communications giant Nokia is set to develop graphene, a \"super-material\" that will be the strongest in the world, thanks to a $1.35 billion grant from the European Union.\nThe grant comes from the EU's future and emerging technologies program (FET), whose mission is \"to promote high risk research, offset by potential breakthrough with high technological or societal impact.\" \nNokia is part of the Graphene Flagship Consortium, a group of industry leaders \"looking to improve the world using graphene,\" which is the name of the super-material being developed by the group.\nSEE ALSO: Nokia Music+ Offers $3.99 Premium Streaming Service\n\nGraphene is super-thin \u2014 only one atom thick \u2014 and the company claims it's 300 times stronger than steel. \"Oh, and it's also the lightest and best intrinsic conductor, too,\" according to a statement by Nokia.\nHenry Tirri, EVP, CTO of Nokia, noted that the company has \"deep roots in the field \u2014 we first started working with graphene already in 2006. Since then, we have come to identify multiple areas where this material can be applied in modern computing environments.\" \nTirri also stressed that the research the grant would foster is of vital importance: \"We\u2019ve done some very promising work so far, but I believe the greatest innovations have yet to be discovered.\u201D\nThe EU's hefty investment in the graphene consortium will be spread over a period of 10 years. For more about  the material and its potential uses in the consumer market, check out the video above.\n\nImage via iStockphoto, magui80\n"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2013/02/02/graphene-nokia/>