{"id":422594,"date":"2022-11-17T12:15:00","date_gmt":"2022-11-17T11:15:00","guid":{"rendered":"https:\/\/innovationorigins.com\/?p=422594"},"modified":"2022-11-17T12:15:00","modified_gmt":"2022-11-17T11:15:00","slug":"photonics-industry-key-technology-for-europes-green-and-digital-transition-needs-more-visibility-for-investors","status":"publish","type":"post","link":"https:\/\/ioplus.nl\/archive\/en\/photonics-industry-key-technology-for-europes-green-and-digital-transition-needs-more-visibility-for-investors\/","title":{"rendered":"Photonics Industry, “key technology for Europe’s green and digital transition”, needs more visibility for investors"},"content":{"rendered":"\n
Why we write about this topic:<\/summary>

Integrated Photonics is a key technology that will enable many innovations in the coming years. In a series of 5 articles we look back on the Photonics PIC Summit Europe. Read the other articles, once published, here<\/a>.<\/p><\/div><\/details>\n\n\n\n

Although the Photonics industry is essential to Europe\u2019s green and digital transition, the supply chain is still far from perfect. Lutz Aschke, Managing Director Mahr Group<\/a> and president of Photonics21<\/a>, was clear in his call directed at the whole photonics value chain. \u201cWe represent a $100 billion industry, we are active in almost any relevant new application, there\u2019s no industry that can function without photonics, but we really need to team up with more downstream industries and other deep tech initiatives.\u201d<\/p>\n\n\n\n

PIC Summit Europe 2022<\/h2><\/div>\n\n\n\n

Aschke spoke at the PIC Summit Europe 2022<\/a>, held in Eindhoven on November 7 and 8. His lecture focused on the huge opportunities that lie ahead for the photonics industry. \u201cAt Photonics21, we want to be the one-stop-shop for companies that want to solve any problem that can be answered by photonics. With our more than 3000 members, we unite the European photonics ecosystem and perform as the official advisor to the EU Commission on EU photonics strategy implementation in the EU framework programs. Our combined market share is 16 percent of the global industry, we are second only to China.\u201d<\/p>\n\n\n\n

And although the European photonics industry is growing at three times the rate of the EU\u2019s GDP, there is still much more to look for, Aschke said. \u201cA stronger photonics partnership can serve a wide range of industries and applications. Think of instant diagnosis of major diseases, monitoring the quality of food from farm to fork, accident-free road transport, smart cities, and many more. We can take care of zero downtime in a terabit economy, as well as empowering Industry 4.0 for a million new jobs.\u201d At the same time, Aschke admits, the broad range of possibilities may be the industry\u2019s strength as well as its weakness. \u201cWhere to start if you are crucial to hundreds of potential killer applications?\u201d<\/p>\n\n\n

<\/a>
<\/div><\/div>
In recent years, under the leadership of PhotonDelta, a solid foundation has been laid under the Dutch integrated photonics ecosystem. Read all about the applications here.<\/div>
Your Sneak Preview of the Future<\/div><\/div><\/div>\n\n\n

European Chips Act<\/h2><\/div>\n\n\n\n

The solution, Aschke said, is in long-term investments in pilot manufacturing. \u201cIit\u2019s time to scale, we need to develop from vision to action. To get there, we need relevant prototypes with a middle-sized technology readiness level.\u201d Also, Aschke asked for a move towards larger-scale manufacturing of PICs in Europe. \u201cFrom pilot lines, we need to move to more start-ups and eventually more big production facilities. We expect the European Chips Act to help us achieve those goals.\u201d<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

The funding itself is not entirely solved either. Aschke points out two major gaps in the funding scheme: \u201cThere\u2019s clearly a lack of early-stage capital to commercialize the prototypes and fund the first stages of business development. The growth phase is the second funding gap, driven by the lack of investors with both the expertise needed to invest in scaling the photonics businesses and the significant resources associated with such investments.\u201d Aschke added that the $600 million funding gap is most apparent in equity. \u201cWe have to ask ourselves: what\u2019s wrong there? There\u2019s enough money around, investors are simply unaware of photonics. It\u2019s our job to explain what they can expect from us.\u201d<\/p>\n\n\n\n

PIC Summit Europe 2022<\/em><\/a> is a new congress, one of two photonic chip conferences in Europe and will return annually. It is expected to take place again next year in November. <\/em>PhotonDelta<\/em><\/a> is the lead organizer of the congress; the program was set up together with the <\/em>Eindhoven University of Technology<\/em><\/a> and <\/em>IPSR-I<\/em><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Although the Photonics industry is essential to Europe\u2019s green and digital transition, the supply chain is still far from perfect. Lutz Aschke, Managing Director Mahr Group and president of Photonics21, was clear in his call directed at the whole photonics value chain. \u201cWe represent a $100 billion industry, we are active in almost any relevant […]<\/p>\n","protected":false},"author":1568,"featured_media":511818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"views\/single-partner.blade.php","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[8553],"tags":[74618],"location":[],"article_type":[],"serie":[],"archives":[],"internal_archives":[],"reboot-archive":[],"class_list":["post-422594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","tag-pic-summit-2022"],"blocksy_meta":[],"acf":{"subtitle":"\"Although the European photonics industry is growing at three times the rate of the EU\u2019s GDP, there is still much more to look for\", Photonics21's Lutz Aschke says.","text_display_homepage":false},"author_meta":{"display_name":"Bart Brouwers","author_link":"https:\/\/ioplus.nl\/archive\/author\/brewbart\/"},"featured_img":"https:\/\/ioplus.nl\/archive\/wp-content\/uploads\/2022\/11\/PXL_20221107_094428396-scaled.jpg","coauthors":[],"tax_additional":{"categories":{"linked":["Digital<\/a>"],"unlinked":["Digital<\/span>"]},"tags":{"linked":["PIC Summit 2022<\/a>"],"unlinked":["PIC Summit 2022<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 3 years ago","modified":"Updated 3 years ago"},"absolute_dates":{"created":"Posted on November 17, 2022","modified":"Updated on November 17, 2022"},"absolute_dates_time":{"created":"Posted on November 17, 2022 12:15 pm","modified":"Updated on November 17, 2022 12:15 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/422594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/users\/1568"}],"replies":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/comments?post=422594"}],"version-history":[{"count":0,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/posts\/422594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media\/511818"}],"wp:attachment":[{"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/media?parent=422594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/categories?post=422594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/tags?post=422594"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/location?post=422594"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/article_type?post=422594"},{"taxonomy":"serie","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/serie?post=422594"},{"taxonomy":"archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/archives?post=422594"},{"taxonomy":"internal_archives","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/internal_archives?post=422594"},{"taxonomy":"reboot-archive","embeddable":true,"href":"https:\/\/ioplus.nl\/archive\/wp-json\/wp\/v2\/reboot-archive?post=422594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}