Canadian start-up company VueReal inc. announced an $8.5 million ($58.62 million) grant from the Canadian sustainable development technology foundation (SDTC) to support a project with a total investment of more than $26 million ($179 million).
SDTC is a government foundation designed to help Canadian companies accelerate the development and deployment of globally competitive clean technology solutions.
VueReal will use the money to further develop innovative Micro LED technology, expand its team in waterlow and launch the advanced nanotechnology center.
Dr. Reza Chaji, CEO and founder of VueReal, said, "we are proud to have the support of this federal program and to work with our industry partners.
Our next steps include building an integrated production system, design the required equipment, in order to achieve VueReal proprietary Solid Printing ™ process mass production, and further improve the performance of Micro LED ", "I for our world-class multi-disciplinary team felt very proud.
We have achieved some important milestones that the industry has noticed, but our journey has only just begun."
Leah Lawrence, President and CEO of the sustainable development technology foundation of Canada (SDTC), said, "the SDTC is proud to support VueReal's efforts to reduce the carbon footprint of Micro and nano-manufacturing processes as proof that small actions can make a big difference."