Startup gains funds for LED lighting IC
September 12, 2011 // Nicolas Mokhoff
Ikon Semiconductor Ltd., a Dublin-based fabless semiconductor company chasing LED lighting opportunities, has received an overall investment of 800,000 euros (about $1.1 million) from the Bank of Ireland Seed and Early Stage Equity Fund.
The syndicated investment includes 400,000 euros (more than half million dollars) by the Bank of Ireland Seed Fund with the remainder of the funds provided by Simple.ie Green BES Fund, Enterprise Ireland and private investors.
Startup Ikon is addressing the LED lighting industry. The company is focused on the residential and commercial LED bulb replacement market which industry watchers expect to grow exponentially from 80 million units in 2011 to 430 million units by 2013. Ikon will use the funds to support the development of its single-chip power converter, which resides within the bulb and powers the light-emitting diode light.
“Ikon Semiconductor Limited is a true example of how an investment of this type can support a home-grown Irish company to strategically grow in the LED lighting market, which is critical for the company and also as part of Ireland's economic recovery,” Donal Duffy, Head of Enterprise Ireland Relations, Bank of Ireland, in a statement.
“The LED lighting market is a high growth area and this funding will allow us to make significant progress over the coming 12 months and capitalize on this market potential,” said Conor McAuliffe, CEO of Ikon Semiconductor.
The company was founded by semiconductor industry veterans who are applying proprietary digital control techniques to replace traditional analog control methods. Ikon's first product, which will be available in early 2012, will target the residential and commercial bulb replacement market.
Over 12 billion incandescent light bulbs are sold annually, lighting accounts for almost 19 percent of global energy consumption which equates to the output of approximately 1000 large electric power plants, according to International Energy Agency (IEA).
High voltage LEDs help simplify compact fixture design
March 11, 2014
Philips Lumileds has launched a mid-power LED which allows lighting manufacturers to design in high voltage drivers that ...
Fullerene-free organic solar cells achieve record conversion efficiency
Abu Dhabi creates iMicro hub for microsystems research
Low-power wireless modules market reaches USD1.40bn in 2014
Certification program clears market path for LED luminaires
Executive Interview: Channelling higher power into smaller packages
March 11, 2014
EE Times Europe Power Management's editor, Paul Buckley interviews Phil Davies, VP Global Sales & Marketing of Vicor ...
Energy efficient 4-Gb DDR3 memory enters mass production
The EFM32 Zero Gecko starter kit in stock at RS Components
Novel nickel-manganese-cobalt cathode technology gains patent clearance
- DSM presents: Select the best plastic for DDR4
- Wireless Sensor Network Challenges and Solutions
- Putting FPGAs to Work in Software Radio Systems Handbook
- Real-Time Spectrum Analysis for Troubleshooting 802.11n/ac WLAN Devices
InterviewExecutive Interview: Channelling higher power into smaller packages
EE Times Europe Power Management's editor, Paul Buckley interviews Phil Davies, VP Global Sales & Marketing of Vicor plc to discover what the leading power conversion company sees as the major technology ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Freescale is giving away ten RIoTboards, worth 74 dollars each, for EETimes Europe's readers to win.
Designed to run Android operating systems efficiently or to run under Linux, the board is based on the Freescale i.MX 6Solo processor; using the ARM Cortex-A9 architecture.
And the winner is...
In our previous reader offer, Crystal Display was giving...Read more
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.