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).
Electromobility drives along in the low gear, study finds
February 11, 2016
The acceptance of electromobility is increasing at very low speed in most geographies, says a study from Center of Automotive ...
Imagination's CEO steps down
Italian startup wants to speed up transition to EVs
E-car with exotic powertrain enters near-series stadium
Full spectrum lighting research focuses on horticultural applications
IoT chip market to grow at double digits
February 10, 2016
MarketsandMarkets, in its latest report, expects the IoT chip market to grow from USD 4.58 Billion in 2015 to USD 10.78 Billion ...
FAA urges airlines to run lithium battery safety risk assessments
Perovskite/quantum dot interation improves LED and solar performance
EUV gets $500M center
- Software-Defined Radio Handbook - 11th edition
- 42V Quad Monolithic Synchronous Step-Down Regulator with 30μA Quiescent Current
- Configurable Logic in Microcontrollers Revolutionizes Small Applications
- Industry’s First 0.8μVRMS Noise LDO Has 79dB Power Supply Rejection Ratio at 1MHz
InterviewGuest commentary: 2016 - A Time of Transformation
Turbulence, technology and transformation are driving the analog semiconductor market and will define 2016. There is a tendency to focus on the near-term global economic speed bumps, but what we need ...
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 Ambiq Micro is giving away five of its 'Apollo EVB' evaluation boards, worth 9 each for EETimes Europe’s readers to assess the capabilities of their cutting-edge Apollo sub-threshold microcontroller.
The new suite of Apollo MCUs is based on the 32-bit ARM Cortex-M4 floating point microcontroller and redefines 'low power' with energy consumption that is typically five to...MORE INFO AND LAST MONTH' WINNERS...
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.