Near-infrared sensors: Ministry of Economics funds pilot line of Senorics with two million Euro

Saxon Minister of Economics Martin Dulig: “Senorics is an excellent example of the innovative strength of Saxony. I am proud that today we are supporting another spinoff of the University of Technology Dresden on their way to industrial production. With this funding, a pilot phase of our technology funding efforts is ending. 4 years ago, we funded the first project through the new policy of the KET’s- pilot lines program. Since then we have supported Saxon companies with nearly 50 million Euro to build their respective pilot facilities for key-technologies.

Senorics founder and CEO Ronny Timmreck added: “The next crucial step in making our NIR sensors ready for the mass market is the construction of a pilot line. Thus, the funding through the KET’s – pilot line program is an important component. Furthermore, this decision is a strong signal to the organic electronics of Dresden, underlining the potential of this industry. We are immensely grateful for the support and the given trust of the Saxon Ministry of Economics and the collaboration with the Sächsische Aufbaubank. The success story of organic electronics in Saxony is unique and is a manifestation of the great possibilities when combining research, economy, politics and public institutions.
About Senorics

About the KETs – pilot line funding

Especially for small and medium sized companies, the development and introduction of technologies, products and innovative business models on the market is associated with high financial and entrepreneurial risks. High investment costs are necessary, as well as remaining research and optimization work in the production process or on the product. The market expectations are still uncertain.

With its unique program throughout Germany, the pilot line funding of key technologies from the Free State of Saxony particularly supports small and medium sized companies in converting technological innovations into economically viable ventures. Microelectronics, information and communication technologies, nanotechnologies, new materials, advanced production technologies, photonics and biotechnologies are all considered fundable key technologies.

The Saxon technology funding program is financed by the Free State of Saxony and the European Union. The funding is provided by the Sächsische Aufbaubank – Förderbank (SAB).