The German LED start-up LightnTec now has the European Union as a financial support for its super-thin foil-based displays, based on a grant from its 10 billion EU accelerator program.
Sixteen:Nine
The European Innovation Council – which has a mandate of identifying, developing and scaling up “breakthrough technologies and game changing innovations” – lists LightnTec among several companies being supported by the funds.
David Haynes at Sixtenn:Nine believes that the lower material costs and power consumption of LightnTec’s foil-like displays means less need for regulatory approval unlike more conventional LED/DOOH displays.
LightnTec’s last funding round, undisclosed, was in 2018, a seed investment from High-Tech Grunderfonds and Born2Grow, two German investment funds. With a healthy patent portfolio, it is a company that is certainly worth watching.
