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The citation for his knighthood credits Prof Wilmut with "revolutionising" biology through the cloning technique which underpins the science of stem cell technology.
BBC: Dolly the sheep creator knighted
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The new study involves something similar to the cloning technique that led to the birth of Dolly, the famous cloned sheep that was born in July 1996.
CNN: Cloning stem cells: What does it mean?
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The best-known of the new knights is Professor Wilmut, who is said to have revolutionised biology by successfully pioneering the cloning technique that underpins the science of stem cell technology.
BBC: Dolly creator heads Scots honours
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The two used a new technique called expression cloning to fish out the TNF receptor in a mere three months.
FORBES: The Maverick and the Maestro
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ACT's success with a technique known as interspecies cloning.
ECONOMIST: New kid on the block
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However, the technique is so close to the "cloning" technology used to create Dolly the sheep that it will raise difficult ethical questions for doctors.
BBC: Gene technology
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Other cloning attempts have ended in malformed animals and experts say the technique fails in 97 percent of cases.
CNN: Team to attempt human cloning
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Last month, Prof Wilmut announced that he was abandoning the cloning of human embryos in stem cell research in favour of a new technique developed in Japan.
BBC: Dolly the sheep creator knighted
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The Roslin Institute's Dr. Ian Wilmut, who pioneered the technique that cloned Dolly from a single mammary cell from an adult sheep, said that while human cloning is theoretically possible, he saw no reason to do so.
CNN: Oppose experiments on humans