Swedish Groups Fund Laser Start-Up

STOCKHOLM, Sweden, Feb. 16 -- CR&T Ventures, the Swedish Industrial Development Fund and SEB Foretagsinvest are investing a total of SEK 12 million in the laser technology company Cobolt AB.
Stockholm-based Cobolt has developed a system for producing powerful and compact lasers in the visible and infrared wave ranges. One major area of application is in laser display systems used in meeting rooms, home cinemas and at the cinema. The concept is protected by a number of patents based on research at Sweden's Royal Institute of Technology and the research company Acreo. The funding will be used for further prototype development, building up the organization and developing the market.