Dedicated to Prof. Wolfgang Bunk on the occasion of his 80 th birthday Nano-dispersed ZrO 2 /CoSb 3 composites of various composition were prepared by uniaxial hot pressing of nano-sized powders of thermoelectric CoSb 3 intermixed with ceramic nano-powders. The phase purity, the microstructure, and the temperature dependent transport parameters of the composites were investigated. Non-dispersed samples from nano-sized CoSb 3 powders show higher electrical conductivity compared to melt-grown material which is attributed to the presence of a small excess of metallic Sb, but they exhibit lower thermal conductivity due to the finegrained structure. Addition of 5 at.-% ZrO 2 enhances the ratio of electrical to thermal conductivity, whereas hardly affects the Seebeck coefficient. In this manner the nano-dispersion method provides an effective approach to improving the material´s thermoelectric performance.Keywords