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DCU, Tyndall Spinout Attracts Investment

EuroPhotonics
Jun 2012
In Ireland, Pilot Photonics Ltd., a spinout company of Dublin City University and the Tyndall National Institute in Cork, has raised €300,000 (about $392,000) from Enterprise Ireland and AIB Seed Capital Fund to tackle the Internet capacity crunch. The investment will allow company directors Dr. Philip Perry and Dr. Frank Smyth to find a route to market for their optical networking technology, which has the potential to dramatically increase the speed of the Internet. Enterprise Ireland's earlier commercialization funding allowed the technology inventors to bring commercially relevant aspects of their work to a spinout-ready state.


GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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