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BASF Backs Scottish LEP Company

BASF Venture Capital is investing in Scottish microdisplay company MicroEmissive Displays (MED). BASF Venture Capital and other venture capital providers including 3i will supply a total of $7.5mn in a first closing of a Series C round. Scottish Equity Partners will act as lead investor.
BASF Venture Capital is investing in Scottish microdisplay company MicroEmissive Displays (MED). BASF Venture Capital and other venture capital providers including 3i will supply a total of $7.5mn in a first closing of a Series C round. Scottish Equity Partners will act as lead investor.


MED has developed light-emitting polymer microdisplay technology that is now said to be ready for the market. These polymers convert electric current into light and can be used in viewfinder displays in digital still/video cameras.


Compared with liquid crystal displays, which represent the current state of the art, the new materials are characterised by significantly lower power consumption and lower production costs. Further possible applications are next generation mobile phones as well as electronic toys.


MED's displays are typically smaller than 7.5mm across. However, when viewed via a lens, images can be magnified to the scale seen on desktop monitors.


Bill Campbell, CEO at MED, reports: "This investment will allow the company to initiate manufacturing of our display products to support the customer demand that we have identified."



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VIEW SESSIONS
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