UK start-up SmartKem is planning to take its organic thin-film transistor (TFT) technology to product prototype stage following the completion of a Series A financing round raising €3 million.
The funding was secured from BASF Venture Capital, Octopus Investments and the Entrepreneurs Fund. Finance Wales, the company's principal shareholder, supplied additional funding. Finance Wales has invested £3 million (€3.8 million) to date in the St Asaph-headquartered firm.
SmartKem, a materials supplier for organic semiconductors and TFTs, has already announced a number of joint development agreements with Asian display makers. The latest funds will be invested in the company's in-house capability and expansion of its TFT development team, to take its technology to prototype stage with its partners.
Investment
In an exclusive interview with +Plastic Electronics, Mike Cowin, head of product development and marketing at SmartKem, comments: 'We are making SmartKem more responsive to customer needs - we're talking about responding in a matter of weeks.'
In an exclusive interview with +Plastic Electronics, Mike Cowin, head of product development and marketing at SmartKem, comments: 'We are making SmartKem more responsive to customer needs - we're talking about responding in a matter of weeks.'
SmartKem's tru-Flex semiconductor technology, has been developed to offer industry-grade TFT performance in a flexible form factor, the company claims. The target is to enable applications for bendable and foldable mobile devices such as smartphones and tablets, as well as conformable wearable products.
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