We present the preparation and the characterization of the solution behavior and functional properties of superparamagnetic and/or fluorescent, thermo-responsive inorganic/organic hybrid particles with an intermediate protective silica shell and a smart polymer corona. These well-defined multifunctional nanogels were prepared via two consecutive encapsulation processes of superparamagnetic Fe2O3 nanoparticles (NPs) and/or fluorescent CdSe(ZnS) semiconductor nanocrystals with a silica layer and a cross-linked poly(N-isopropylacrylamide) (PNIPAAm) polymer shell. First, the different NPs were entrapped into a silica shell using a microemulsion process. Therein, the precise adjustment of the conditions allows to entrap either several particles or single ones and to tailor the thickness of the silica shell in the range of 20-60 nm. In a second step, a polymer coating, i.e. thermosensitive PNIPAAm, was attached onto the surface of the multifunctional core-shell particles via free radical precipitation polymerization, furnishing multifunctional core-shell-corona hybrid nanogels. Analyses of the functional properties, i.e. optical brightness and magnetic moments, along with transmission electron microscopy reveal near monodisperse hybrid nanoparticles that retain the intrinsic properties of the original nanocrystals. Additionally, we demonstrate the drastically increased chemical stability due to the barrier properties of the intermediate silica layer that protects and shields the inner functional nanocrystals and the responsive character of the smart PNIPAAm shell. (C) 2012 Elsevier Inc. All rights reserved.