|
Until recently lighting industry didn’t quite capture the imagination of VC’s looking for a sizable return on their investment. The industry was viewed as old line, stale with lack of significant growth potential. However, all of that has now changed, thanks to LED technology and recent global regulatory requirements to phase out incandescent lighting by 2015.
LED based lighting has gained significant market momentum within the past year as LED market share continues to increase, and forecasted outlook remains extremely bright. Plenty of good ideas have now become fully funded in start-up organizations. Some of the most notable recently funded organizations include Digital Lumens, HID Labs, Lunera Lighting, Topanga, Lumenergi, Luminus Devices, Bridgelux, LEDEngin, and Adura Technologies.
All of these organizations are now trying to bridge the gap between an old line commodity product and highly technical software controlled energy efficient illuminating devices. The money flow is definitely going toward wireless power distribution low wattage controllable lighting. So if you have an unique patentable idea and a solid team of industry professionals now is the time to put together a polished business plan with forecasted revenue growth and go calling on your local VC funds.
Ascott Group has strong relationships with leading VC funds within the power distribution and energy efficiency practices and can certainly help facilitate seed funding for proven concepts.
Article provided by: Tom Connors
 |
Subscribe to this comment's feed
