PhotonDelta realizes that a fragmented approach to building the multi-billion Photonics business in Europe is never going to scale. Disruptive innovation comes when these young companies get access to the knowledge already gained by high-tech enterprises and applied research institutes.
And “Delta” describes not only the region. It is the Greek symbol for change.
The European Photonics market growing exponentially, dominated by thousands of small-medium enterprises. Public funding is still needed to bridge the gap between working prototypes leaving the research lab and the point at which the chips are ready to be manufactured in quantity. It’s at that point where the private sector takes over.
Grant funding to support research and innovation in SME’s has grown tenfold in the last decade. But the rate of growth could be so much faster if there were sufficient funding. In this PhotonDelta is taking the lead to do something about it in Europe.
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