VueReal Inc., a developer of fundamental technologies for micro- and nano-devices, is pleased to announce $8.5 million in funding from Sustainable Development Technology Canada (SDTC). The new funding brings the company’s total project investment to over $26.0 million. VueReal intends to use the funding to expand its Waterloo team and launch an Advanced Nano-Technology Center. The company says that the team expansion and new center will aid it in the further development of micro-LED technologies
The government of Canada created the Sustainable Development Technology Canada (SDTC) foundation to advance clean technology innovation in Canada via funding and supporting small and medium-sized enterprises that develop and demonstrate clean technology solutions.
Micro-LED displays utilize screens constructed from tiny versions of the same type of LED chip used in LED lights.
Such displays have several significant advantages over today’s OLED and LCD screens, including higher brightness, denser pixels per inch, and improved contrast. They also support higher frame-rates, consume much less power, and have considerably longer lifetimes.
With SDTC Support ViewReal to Leverage Partnerships
Together with the SDTC support, VueReal plans to leverage key industry partnerships with Angstrom, a Canadian maker of thin film deposition systems for PVD and CVD processes, and a large Asian electronics firm.
“We are proud to have the support of this federal program, and collaborations with industry partners. The next steps include building an integrated pilot production system, engineering the equipment needed to enable VueReal’s proprietary Solid Printing™ process at commercial volumes, and enhancing the performance of micro-LEDs even further,” said Reza Chaji, Ph.D., CEO and founder of VueReal. “I’m extremely proud of our world-class multi-disciplinary team. We’ve achieved some important milestones – and the industry has taken notice – but our journey is really just beginning.”
“SDTC is proud to support the steps that VueReal is taking to reduce the carbon footprint of micro-and nano-technology production processes, demonstrating that small actions can create big change,” said Leah Lawrence, president and CEO, Sustainable Development Technology Canada.