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BU Photonics Center Teams With French Optics Group
Feb 2004
BOSTON, Feb. 9 -- A joint initiative between The Boston University (BU) Photonics Center and France's Opticsvalley, a consortium of optics and photonics companies, will foster the establishment of French start-up optics and photonics companies in the US.

"Our business accelerator model has experienced remarkable success in the midst of a terrible economic climate," said Donald Fraser, Photonics Center director. "The international community, especially France, has taken note of this success. We look forward to sharing our company development and commercialization expertise with Opticsvalley and the French government, as well as to working with them to establish French businesses here in the US."

Fraser said since it began in 1997, the center has participated in the launch of 17 technology-commercialization companies, which together have raised nearly $200 million from outside private-equity sources.

The Photonics Center provides an entrepreneurial environment for emerging photonics technology companies, through a joint program with Beacon Photonics, a venture capital development company formed by BU, the Photonics Center and the investment firm GlobalVest Management.

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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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