EFFECT Photonics wins first Amsterdam-Antwerp Challenge Award
Thursday 25th of March Philips, Mediaguild and High Tech Campus Eindhoven awarded EFFECT Photonics for their business plan.
The Amsterdam Antwerp Challenge is a local business plan competition for international talent modeled on the business plan competitions of M.I.T. and Cambridge University. Main goals of the competition concern bringing together technical and business talent, currently fragmented across the Amsterdam-Antwerp corridor, and to stimulate innovation and entrepreneurship in this region.
About EFFECT Photonics
The demand for communication bandwidth is higher than ever and becomes increasingly complex. Management and energy consumption are becoming bottlenecks for future growth. Effect Photonics, a spin off from the internationally renowned Cobra Research Institute, develops high end Photonic Integrated Circuits (PiC’s). These PiC’s solve the management and energy issues related to the growth in communication bandwidth. The first product that will enter the market is a patented tunable laser that is 100 times faster than currently available, far less complex and with more flexibility. First samples are shipped to interested customers in the first quarter of 2011. Volume production is expected in 2012.
The largest target for this product is the domestic fiber market. An estimated 300.000 devices per year will be needed in 2015 to answer the demand for bandwidth. As the high specifications for this market are developed, sub markets can be targeted with intermediate devices. Founded by Boudewijn Docter (PhD Cobra), Effect Photonics is now actively scouting for expansion of the team with an experienced CEO in the electronics or telecom business. Roughly € 1.3m of investment capital is needed to start up this company which could be paid back approximately within four to five years.
EFFECT Photonics won € 5000,- and coaching to start-up their business.
Philips, Mediaguild and High Tech Campus Eindhoven will organise the second AA-Challenge in the autumn of 2010.
More information: www.aachallenge.nl