$50,000 grant helping young tech companies get big ideas to market
November 23, 2018 02:41 PM
Some call it the future of gaming -- virtual reality. However, it's got more applications than that. Graeme Housser of Lux Semiconductors hopes they can be a part of all of it.
"What we're trying to do is take the silicon wafer and make it flexible and more durable and lower cost," he explained.
They've done it - in small strips. However, to hit that virtual reality market, they have to make it bigger.
"Because people who use these headsets don't want to be able to see the individual pixels and so companies are struggling to find a silicon that's both flexible and high enough quality that they can really get a high pixel density," explained Housser.
Enter FuzeHub -- a not-for-profit that recently awarded Lux - and six other young tech companies - $50,000 for commercialization. It's essentially helping them get their big idea to market.
"[It] will be used for key equipment upgrades in engineering costs. They already have a working prototype and these funds are critical to help them make iterations in advance of their process," noted Julianne Clouthier with FuzeHub.
The $50,000 is not enough to spell overnight success. However, it is just enough of an infusion to help spur additional investment -- and perhaps make those virtual reality dreams - a reality.
Updated: November 23, 2018 02:41 PM
Created: November 23, 2018 02:41 PM
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