Finnish smartphone maker Nokia have received a tidy $1.35 billion grant which will see them attempt to develop the strongest material ever constructed - how incredibly exciting! Currently, graphene is a class 2D structure measuring just a single atom thick.

This is an incredible feat, and it is currently the strongest material ever produced. Graphene is 300 times tougher than steel and is also one of the lightest conductors available. Nokia is leading the pack of the Graphene Flagship Consortium, which includes 73 other companies and academic institutions from a number of mediums.

Nokia's grant will see them research and develop graphene for practical applications, where the European Union for the Future and Emerging Technologies (FET) the ones behind the $1.35 billion grant. Research Leader at Nokia Research Center, Jani Kivioja, says:

Not only does creating a graphene research consortium open up new research possibilities, it will also create work and jobs across all of Europe. This kind of research is also an investment to the people that live within the EU, from an economy perspective. When we talk about graphene, we've reached a tipping point. We're now looking at the beginning of a graphene revolution. Before this point in time, we figured out a way to manufacture cheap iron that led to the Industrial Revolution. Then there was silicon. Now, it's time for graphene.

Graphene should lead to some pretty incredible developments over the coming years, where I'm sure we'll see it spread into other areas - such as cars, houses, and more.