Indiana University-Purdue University Indianapolis (IUPUI) / Optical refrigeration in quantum dots was carried out in this research. Zinc-blende crystalline CdSe/CdS (core/shell structure) QDs with complete surface passivation were synthesized and been used as the cooling substance. Phonon-assisted up-conversion photoluminescence driven by sub-band gap laser excitation was utilized as the cooling mechanism in the QD samples. A net cooling efficiency was predicted by a semi-empirical model developed during the research, within a range of the laser excitation energy, even after taking into account possible parasitic heating processes. To observe the cooling effect, the experiment was carried out in a thermally isolated environment, which temperature was also monitored. By using an optical thermometry technique developed for this research, a maximum temperature drop around 0.68 K was observed in the experiment. This development paves the way to use QDs' cooling in new industrial and fundamental research approaches.