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).
Automotive MCU benchmark takes energy efficiency into account
May 21, 2013
Today, cars are crammed with microprocessors, and many of them are not completely switched off when the driver parks and ...
EnSilica partners Cross Border Technologies to boost sales growth in key European markets
Industry's first ultra-wideband Doherty amplifiers support broadband operation
Graphics chip recognizes nearby pedestrians and bicycles
EMS boom for medical industry says analyst
Gemalto teams with Encore Networks for mission critical M2M communications as US shifts to wireless
May 21, 2013
European smartcard specialist Gemalto has teamed up with US machine-to-machine (M2M) router supplier Encore Networks to provide ...
Solar industry capital spending hits seven-year low in 2013 but upturn is on the cards
Apple's overseas tax evasion stirs debate over US tax code
Could Intel enable USD200 Ultrabook?
InterviewWireless control drives Atmel in Europe
Atmel's recent acquisition of Osmo Devices with a WiFi Direct design center in Cambridge and some key microcontroller launches has seen the company focus heavily on wireless control in Europe says Jörg ...
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
The development platform for i.MX 6Quad from element14 (built to the Freescale SABRE Lite design) is an evaluation platform featuring the powerful i.MX 6Q, a multimedia application processor with Quad ARM Cortex-A9 cores at 1.2 GHz from Freescale Semiconductor.
This month, Freescale and element14 are giving away five such platforms, worth £128.06 each, for EETimes Europe's readers to win. The platform helps evaluate the rich set of peripherals and includes a 10/100/Gb Ethernet port, SATA-II, HDMI v1.4, LVDS, parallel RGB interface, touch screen interface, analog headphone/microphone, micro TF and SD card interface, USB, serial port, JTAG, camera interface, and input keys for Android.
And the winners are...
In our previous reader offer, Pico Technology was giving away one of its recently launched PicoScope 3207B, a 2-channel USB 3.0 oscilloscope worth 1451 Euros. Lucky winner Mr L. Sanchez-Gonzalez from Spain should be receiving his PicoScope 3207B soon. Let's wish them some interesting findings with his projects.
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.