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Student rejects $1.3 mln for patent-winning nano-probe

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Student rejects $1.3 mln for patent-winning nano-probe
2014-12-15

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Meng Lingchao, 25, a PhD candidate at the Nanjing University of Aeronautics and Astronautics. (Photo: Chinanews.com)

A PhD candidate at the Nanjing University of Aeronautics and Astronautics has rejected an investment of 8 million yuan ($1.3 million) for one of his inventions.

Meng Lingchao, 25, has won four national patents for his inventions, including for a pencil-like probe that can be used in high precision processing and medical research, the Modern Express reported.

Meng initially majored in industrial design at the university before transferring to flying vehicle production and aviation repair, but finally found his real passion in mechanical engineering.

Now a first-year PhD, he made a probe less than one-1000th the thickness of a human hair after more than 20,000 experiments.

The probe holder is about 0.3 millimeters and the point is about 100 nanometers, invisible to the naked eye.

Meng said the probe can significantly improve the precision of mechanical engineering, such as gears for watches and chips for cell phones. It can also be used to extract cancer cells at a lower cost than current methods.

Meng said he has rejected nine investors interested in his creation.
 
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Why he reject? Terms not favorable? Or he has a rich dad that can finance his invention into reality?
 
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Why he reject? Terms not favorable? Or he has a rich dad that can finance his invention into reality?

I guess he wanted to concentrate on his pure academic/scientific research at the point, given that he is just a first year PhD student.

He has the patent, so, he can keep on building on what he already has and go for a bigger deal.
 
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