Neuchatel, Switzerland, July 20 -- CSEM SA (Centre Suisse d'Electronique et de Microtechnique) and Colibrys SA announced the successful completion of the first round of financing for Colibrys SA, raising a total of US $12 million in venture capital funding. Investors are aventic, Banexi, Banque Cantonale Vaudoise, Intel Capital and TAT Investments. During the past 20 years CSEM has been heavily involved in the Swiss microelectromechanical systems initiative, coordinating the partnership between the universities of Neuchatel (IMT), Lausanne (EPFL) Zurich (ETH) and industry. Colibrys SA is based in Neuchatel, Switzerland, employing more than 120 people. The company was founded on January 1st 2001 as a wholly owned spin-off from CSEM SA with the objective to further explore its potential as a world-leading manufacturer of MEMS products. Colibrys SA currently supplies custom industrial MEMS products for a variety of applications including: optical components for the telecommunications and semiconductor equipment markets, accelerometers for transportation and inertial navigation systems and magnetographic print heads for industrial printing presses.