June 4, 2003 — Nanosys Inc., the Palo Alto, Calif., developer of nanotechnology-enabled systems that closed a $38 million funding round this week, has entered an agreement with Yissum, the technology transfer company of the Hebrew University in Jerusalem.

The agreement gives Nanosys the license to use three patents of Uri Banin, a member of the university’s physical chemistry department whose research focuses on semiconducting nanocrystals. “He’s definitely one of the up-and-comers of the next generation of nanotechnologists,” said Stephen Empedocles, Nanosys’s director of business development.