Liquavista receives €2.5 million innovation loan from the Dutch Government
SenterNovem’s support will accelerate the development of Liquavista’s range of eReader display technologies
23 September 2009 – Eindhoven – Liquavista has received a €2.5 million innovation loan (“Innovatiekrediet”) from SenterNovem, the innovation agency of the Dutch Government, to accelerate the development of its highly innovative electrowetting based display technology for the eReader market.
“We are really excited to be working with SenterNovem in developing our revolutionary displays” stated Guy Demuynck, Liquavista’s recently appointed CEO. “SenterNovem clearly saw the consumer benefits that our displays offer the market, from outdoor viewability to increased battery life – plus the strong commercial impact we will have on the consumer electronics market”
“We believe in supporting technologies that offer real competitive advantages to the market” stated Bas Kruiderink, project advisor at SenterNovem. “The loan has been approved as a result of the tremendous progress Liquavista has made to date in demonstrating its latest technology platforms. We are really looking forward to being actively involved in their progress and their plans for development of their display range over the next few years. Liquavista is a great example of an exciting innovative technology started in the Netherlands and as such a role model to other start-ups.”
“Working with SenterNovem is not just about gaining the support of funding for our Research & Development work” stated Mr Demyunck, “It is about building a joint partnership with SenterNovem in bringing our new innovative technologies to the market.
The innovation loan will support current and future development of advanced features in Liquavista’s display roadmaps, thereby accelerating the development of prototypes of their bright and colourful displays. The first products to use Liquavista screens will be the next generation of electronic readers. Liquavista’s technology enables new types of paper-like displays that will provide vastly improved usability, content compatibility and cost compared to first generation electronic paper technologies.
Liquavista recently closed a successful funding round and appointed Guy Demuynck as the new CEO of the company.