SALDtech announced that it has closed a second investment round with Innovation Industries, a leading high-tech VC fund and BOM, Brabant Development agency. TNO, through its subsidiary Holst Centre, has invested over 10 years in developing a new technology called Spatial Atomic Layer Deposition to produce large area ultra-thin layers with world class performance.
SALDtech, a spin-off of TNO, will use the investment to develop and build production equipment to be integrated into the production lines of next generation flexible OLED displays for mobile phones, tablets, TVs and more.
“We are very pleased with this investment as it enables us to further develop our product and speed up our sales” Huib Heezen, CEO of SALDtech states: “. SALDtech will continue to cooperate closely with TNO on process innovation and will use the expertise on high tech equipment as readily available in the Eindhoven area for our product development. We are delighted to now have two top Dutch investors in the form of Innovation Industries and BOM on board who are committed for the long term. ”
“We are excited that we have been a part of SALDtech since its first round last year and that we can continue to support SALDtech’s growth by participating also in this financing round”, says Nard Sintenie, Partner at Innovation Industries. “SALDtech’s technology has the ability to change the way we are working and interacting with displays and thereby addresses a huge market.”
“SALDtech has the potential to become the leading supplier in the display market” according Jurgen Van Eck, Senior investment manager at BOM Brabant Ventures“ As such, the company will play an important role towards local suppliers. We are happy we are able to contribute towards the further development of SALDtech”
Founding institute TNO is delighted with the opportunity this second financing round offers to SALDtech. “Both Innovation Industries and BOM have multiple investments in TNO spin-offs, which shows the potential of the research we are doing at Holst Centre and TNO for the Dutch high tech industry. This investment is the next step in strengthening the Dutch economic position and Brainport in particular.” says Jaap Lombaers, Director at TNO.
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SALDtech BV is a spinoff from the Netherlands Organisation for Applied Scientific Research (TNO) and is based in Eindhoven, The Netherlands. The company was founded in 2018 to further develop, build and sell commercial Spatial Atomic Layer Deposition (SALD) systems into the flat panel display industry. The SALDtech tool will help enable the production scale up of next generation display technologies. Related end product display markets include smartphones, tablets, TV’s as well a new form factor displays in (autonomous) cars and on practically every surface.
About Innovation Industries
Innovation Industries is an independent venture capital fund that combines company-building and venture investment under one roof. Innovation Industries uses a market-driven approach to create long-term value in Dutch high technology start-up and scale-up companies. Our partnerships with all Dutch technical universities (Eindhoven, Twente, Delft and Wageningen) and applied research institutes (TNO) provide us with unparalleled access to knowledge and technologies. Innovation Industries has currently invested in ventures which are active in the nano- and microtechnology, semiconductor, food and agrotechnology, and medical technnology fields. For further information about the portfolio companies please visit: https://www.innovationindustries.com/companies.
The Innovation Industries Fund is supported by private and institutional investors such as PME and InnovFin Equity. InnovFin Equity with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing. www.innovationindustries.com
The Netherlands Organization for Applied Scientific Research (TNO) is an independent research organization. We connect people and knowledge to create innovations that boost the sustainable competitive strength of industry and well-being of society. Now and in the future. This is our mission and it is what drives us, the over 3.000 professionals at TNO, in our work every day. We work in collaboration with partners and focus on transitions or changes in nine social themes that we have identified together with our stakeholders.
About Holst Centre
Holst Centre is an independent R&D center that develops technologies for wireless autonomous sensor technologies and flexible electronics, in an open innovation setting and in dedicated research trajectories. A key feature of Holst Centre is its partnership model with industry and academia based around roadmaps and programs. It is this kind of cross-fertilization that enables Holst Centre to tune its scientific strategy to industrial needs. Holst Centre was set up in 2005 by imec (Flanders, Belgium) and TNO (The Netherlands) and is supported by local, regional and national governments. Located on High Tech Campus Eindhoven, Holst Centre benefits from, and contributes to, the state-of-the-art on-site facilities. Holst Centre has over 200 employees from some 28 nations and a commitment from more than 50 industrial partners.
The Brabant development agency is dedicated to create a strong and sustainable economy in Brabant province. We share knowledge, create networks and invest in forward looking regional companies and sustainable energy projects. We further encourage international companies to set-up affiliates in Brabant province and also help local companies with expanding internationally. Our ambitions are: more economic growth, more employment and a contributing to solving social issues in order to create worldwide recognition of Brabant.
BOM Brabant Ventures supports ambitious regional start- and scale-ups to growth utilising BOM’s knowledge and capital. They focus on companies in the area’s of High Tech systems, Software, Agrifood, Life sciences & Health, Maintenance, supply chain and Bio based economy.