Ghent University and imec Announces Creation of Caliopa

Ghent University (UGent) and imec today announced the creation of Caliopa, a spin-off from their world leading Photonics Research Group. An initial 2 million Euro in funding was raised from Baekeland, Fidimec, PMV-Vinnof, a private investor and the founders. Caliopa will develop and market advanced silicon photonics based optical transceivers for the data and telecommunications markets.

According to the latest Market Forecast from LightCounting LLC, the premier market research firm for optical communications, the global sales of optical transceivers will reach $2.4 billion in 2010, with the market posting a 13% compound annual growth rate (CAGR) between 2011 and 2014, as the industry catches up with the steadily growing demand for bandwidth.

“Multiple optical components can be replaced with a single optical chip by using silicon photonics allowing us to develop small, highly integrated and low power optical transceivers. The ability to make these silicon photonics components at standard CMOS manufacturing facilities also makes it commercially very attractive” commented Martin De Prycker, CEO of Caliopa. “Key potential customers have expressed great interest in Caliopa’s solutions stating that port density and power consumption are the major concerns in driving the growth of optical networks.”

Caliopa will be able to build on the know-how, intellectual property and experience of years of research by the world renowned Photonics Research Group at Ghent University and imec led by Prof. Roel Baets. In addition, it will use the expertise in silicon processing of the world-leading nanoelectronics research center imec. To develop its first products, the company raised 2 million Euro in funding from a consortium of investors led by Baekeland, Fidimec and PMV-Vinnof.

Caliopa currently counts 7 team members, composed of technical experts from imec/UGent and industry veterans with over 75 years cumulative management experience in the high tech industry. The company is planning to double this team in the next 12 months.

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