Finnish mobile phone company Nokia will be working to develop Graphene, a super-material, following a $1.35 billion grant from the European Union.

Graphene measures just one atom thick and is reportedly 300 times stronger than steel, making it the strongest material ever tested. The material is made of 2D crystal with transparent and bendable properties.

The Graphene Flagship Consortium includes 74 partners from the EU, with Nokia being chosen for the grant via the Future and Emerging Technologies (FET) program.

“Nokia is proud to be involved with this project, and we have deep roots in the field – we first started working with graphene already in 2006.,” said Henry Tirri, EVP, CTO of Nokia in a release. “Since then, we have come to identify multiple areas where this material can be applied in modern computing environments. We’ve done some very promising work so far, but I believe the greatest innovations have yet to be discovered.”

“Graphene happens to be an area where we, in Europe, have all the important players in the value chain who are ready to use it in applications. From that perspective, this is a very efficient and promising way of doing research investments for Europe.”

The European Union’s investment will continue on for 10 years. Graphene will be tested as a possible alternative to materials used in mobile phones currently.