Mobile maker Nokia has been approved for a 1.35 billion dollars grant to develop "the world's strongest material," known as graphene.
Graphene is made up of pure carbon and is only one-atom thick.
Nokia claims that it is 300 times stronger than steel.
According to News. com, au, the substance has a number of applications and is theorised to have benefits in electronics, solar energy, medicine and water desalination.
The European Union provided Nokia with the grant in order to 'promote high risk research, offset by potential breakthrough with high technological or societal impact'.
Nokia's CTO, Henry Tirri said that the company had been working with graphene since 2006, and have come to identify multiple areas where this material can be applied in modern computing environments.
According to the report, as a substance said to be stronger than diamonds, it could potentially be used to create smash proof phones. (ANI)