University of Strathclyde micro-LED spin-out mLED has secured £378,000 of growth cash, adding to £150,000 seed funding it received in June 2010. Lead by Braveheart Investment Group, the round came from Braveheart's established network of private clients, the Scottish Enterprise Co-Investment Fund and members of both mLED's board and technical advisory council. "The additional equity funding will enable the company to increase its personnel, enhance its intellectual property and market its proprietary technology to initial customers," said Braveheart. Key to the firm is intellectual property that allows tight arrays of flip-chip GaN LEDs to be constructed. "The platform technology was developed over a 10 year period at the Institute of Photonics at the University of Strathclyde, where over £7m was invested in research leading to the core patent," said Braveheart. "mLED is i...
Full article: http://www.electronicsweekly.com/Articles/28/06/2012/5399...
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