MultiDots consist of several quantum dots within a patented PEG polymer coating. The pegylated fluorescent nanoparticles have very tight size distribution and the amine functional groups on the surface allows conjugation of proteins to label cells of interest. MultiDots with a tighter emission spectrum than current fluorescent reagents, reduces spectral overlap, increases assay sensitivity and eliminates complex spectral compensation. Multidot conjugated to streptavidin binds to biotin with high affinity and is useful for detecting biotinylated antibodies.