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Funding for SMART Photonics strengthens the Dutch ecosystem for integrated photonics
The integrated photonic ecosystem
For PhotonDelta, this funding is also an important milestone. Joachim de Sterke, CFO at PhotonDelta explains: "The loan to SMART Photonics is the first financing provided by PhotonDelta to its partners. To have a partner within the ecosystem like SMART Photonics, who is able to produce photonic integrated circuits of globally recognized class, is of major importance. We see the investment in SMART Photonics as a momentous step to strengthen and further grow the overall integrated photonics ecosystem in the Netherlands."
SMART Photonics is a company working together with many partners in the supply chain. Together with high qualified knowledge institutions, these companies form a unique ecosystem. All partners are convinced that integrated photonics is a key enabling technology for many new applications in the near future. By collaborating across the entire supply chain, they can be successful. That’s why companies, governments and knowledge institutes are working together and provide funding through a public-private partnership, called PhotonDelta (2018).
Starting from a specific market demand, PhotonDelta aims to convert the mainly Dutch technology leadership in integrated photonics into business opportunities and thereby expand the number of companies, turnover and employment rates within integrated photonics in The Netherlands and beyond.
PhotonDelta is recognised as one of Europe's leading innovation hubs, amplifying existing initiatives and kick-starting new ones. Our name is deliberate. We realise that a fragmented approach to building the multi-billion Photonics business in Europe is never going to scale. So there is now a plan. And implementation has already started in January 2019.
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