The invention can transfer laser hologram images to low grade wrappings, thus getting the functions of forgery prevention and ornament of the wrappings.
"Both countries realise the importance of the knowledge-based economy to our success and prosperity," said the Education and Employment Secretary, David Blunkett.
While most old universities have modernised radically to accommodate their growing populations, Oxford has managed to expand while still preserving its traditional structure.
This is a lesson that rich countries can learn: When GDP is no longer regarded as the sole measure of a country's success, the world looks very different.