PhotonDelta is a new initiative designed to keep the lead that Western Europe has established in all aspects of photonics developments. The push started with telecom, but now the need for sensor applications in all kinds of other industries has reached a tipping point. Ewit Roos, Managing Director of PhotonDelta explains the plans and why they are important to the European Photonics Industry.
The European Photonics market is now worth around €70 billion, representing 18% of the global market. Roughly 330,000 people work in this sector, which is dominated by thousands of small-medium enterprises. Grant funding to support research and innovation in SME’s has grown tenfold to reach €100 million a year. PhotonDelta counts 160 photonics-related companies within its vibrant cluster in The Netherlands and Belgium. And that number is now growing rapidly as photonics provides next generation solutions across a wide-range of industries.
Being a member of the PhotonDelta cooperative means you get early access to IP before that intellectual property is published. That’s a very clear strategic advantage you can’t achieve alone.
Aiming for Funding Levels at least 10 times Larger
High-Tech Industry analysts within PhotonDelta believe the funding levels should be in the range of €1 to €5 Billion to accelerate photonic applications at the rate they deserve. The USA and China are both making serious investments in this order of magnitude to develop next generation chips and applications powered by particles of light rather than electrons.
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.
Europe pioneered this approach and proved it works, which is why it is now being emulated by the American Institute for Manufacturing and their equivalents in China.
Other sectors have already set a precedent with “sector investment classes” being created for cleantech, life sciences and green energy. It’s time to do the same for photonics. We need to demonstrate its high value to society, and that there is validated global market demand for what we do.
In August 2016, PhotonDelta launched the PhotonDelta cooperative with these four guiding principles:
- We are actively linking best-in-class innovation and research to best business practice. PhotonDelta amplifies existing initiatives, strengthening existing collaborative networks already in place and building new ones.
- We have everything in place to assist start-ups at the point they scale-up globally. Being a member of the PhotonDelta cooperative means you get early access to IP before that intellectual property is formally released. That’s a very clear strategic advantage you can’t achieve alone.
- We can open networks they cannot build themselves. We know from experience that a mix of formal and informal networks is the key to speeding up technology validation and time to market. Trust is key for any investor.
- We want to bring leading-edge expertise and investment to The Netherlands – & open up Europe’s photonics innovation to the rest of the world.
For more information go to the website of PhotonDelta Cooperative Membership call.