Eurolight, a new venture capital firm set up to specialise in photonics start-ups in Europe, outlined its investment plans as members of the industry gathered to discuss the state of play in this critical technology. Photonics has been singled out by the Commission as one of five fields central to future growth prospects.
The fund is raising Euro 80-90 million to invest in 10-15 European SMEs which design, manufacture, operate or provide services that are based on opto-electronics, photonics or lasers, Victor Sunyer of Eurolight told delegates at the European Technology Platform Photonics21 conference.
At present, VCs invest more than $500 million per annum in photonic companies, but this is mainly driven by the US. “Europe lags behind in venture capital funding for photonics relative to the quantity of innovation being produced,” Sunyer said.
The fund is raising Euro 80-90 million to invest in 10-15 European SMEs which design, manufacture, operate or provide services that are based on opto-electronics, photonics or lasers, Victor Sunyer of Eurolight told delegates at the European Technology Platform Photonics21 conference.
At present, VCs invest more than $500 million per annum in photonic companies, but this is mainly driven by the US. “Europe lags behind in venture capital funding for photonics relative to the quantity of innovation being produced,” Sunyer said.
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