Optimus Vitrum, a University of Leeds (UK) spin-out which is advancing a new way to make toughened glass for mobile phone screens and wearable devices, secured £600k in funding.
Backers included NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, as well as the university and a private investor.
The company intends to use the funds to create advanced prototypes and engage customers.
Led by Professor Gin Jose, Director, Optimus Vitrum has developed technology that aims to help resolve a key challenge facing the global mobile industry – how to create thinner, more flexible screens for smartphones and other electronic devices without making them more vulnerable to cracking.
The process uses lasers instead of chemicals to treat the glass, resulting in more uniform toughening and better performance.
Professor Jose spent seven years developing the technology, attracting over £5m in government grants. He has now joined forces with his former University PhD students Dr Matthew Murray and Dr Robert Mathieson and glass industry expert Dr Malcolm Glendening to set up Optimus Vitrum.
The company, which has recently moved into new premises in Leeds, has also appointed entrepreneur Chris Brill as chair.
FinSMEs
19/08/2019