Vector Photonics has recently secured £3 million in funding to support the commercialization of its Surface Coupling Laser (SCL) technology. The company has received £1.667 million in equity investment and £1.27 million in additional research funding from four companies, including Foresight WAE Technology (FWT) Funds, UK Innovation & Science Seed Fund (UKI2S), Equity Gap, and Scottish Enterprise.
Neil Martin, CEO of Vector Photonics, expressed his excitement about the successful funding round, stating that this financial backing provides a solid foundation for further developing and commercializing the company’s groundbreaking surface emitting laser technologies.
The equity investment comes from four companies that have previously invested in Vector Photonics: Foresight WAE Technology (FWT) Funds, UK Innovation & Science Seed Fund (UKI2S), Equity Gap, and Scottish Enterprise. In addition to the equity investment, Vector Photonics has also secured funding for two research projects. The first project, FRONTIERS, is a £670k initiative focused on revenue-generating development for free-space optics, funded by the Small Business Research Initiative (SBRI). The second project, GRAPHICS, is a £600k Innovate UK-funded grant in collaboration with the University of Glasgow, aimed at developing expertise in Gallium Nitride (GaN) material processing to create blue and green lasers that consume significantly less power than equivalent LEDs.
Each of the equity investors specializes in next-generation technology and early-stage investments. FWT Funds
