Rekha Bangalore, founder and chief technology officer of NanoThermo, developed a heat dissipation technology for Light Emitting Diodes, known as LEDs. The company’s composite nanomaterial fits into existing and new light fixtures and improves efficiency by 20 percent. That makes the LEDs last longer.  The company will also work with light fixture manufactures to create custom LED sockets. The company is currently testing its products with LightinghouseUSA, its first customer. The company is seeking an initial investment of $1 million to further develop its prototype and evaluate the product.