Fri. Jun 14th, 2024
Funding Secured by Vector Photonics for Advancement of Surface Coupled Laser Technology

Vector Photonics has recently secured £3 million in funding, including £1.667 million in equity investment and an additional £1.27 million in research funding to support the ongoing commercialization of its Surface Coupling Laser (SCL) technology. This cutting-edge technology has the potential to revolutionize semiconductor laser manufacturing and improve performance in various applications such as data centers, co-located optics, AI, printing, LiDAR, and optical sensing.

The equity investment comes from four companies: Foresight WAE Technology (FWT) Funds, UK Innovation & Science Seed Fund (UKI2S), Equity Gap, and Scottish Enterprise. Each of these investors specializes in next-generation technology and early-stage investments, with a focus on supporting high-growth companies with innovative technologies, deep-tech seed funding, angel investments in new technology businesses, and economic development initiatives to help businesses innovate and grow in Scotland.

In addition to the equity investment, Vector Photonics also received £1.27 million in research funding for two projects: FRONTIERS, a revenue-generating development project for free-space optics funded by the Small Business Research Initiative (SBRI), and GRAPHICS, an Innovate UK-funded grant in collaboration with the University of Glasgow to develop Gallium Nitride (GaN) material processing expertise. This collaboration could lead to the creation of blue and green lasers that consume significantly less power than equivalent LEDs.

Neil Martin, CEO of Vector Photonics expressed his excitement about the successful funding round which brings the total funding to nearly £3 million. He stated that this financial boost will enable the company to further develop and commercialize its innovative surface emitting laser technologies that have the potential to transform industries across multiple sectors like data centers and AI.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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