Report: National Research Council Photonics Expertise Helps Clients Generate Lucrative Income

According to Impact Analysis Report released at a photonics industry event hosted by the Ottawa Photonics Cluster, The National Research Council Canadian Photonics Fabrication Centre helps clients to develop and commercialize innovative photonics technologies.

 

The report Impact Analysis of the Canadian Photonics Fabrication Centre prepared for the National Research Council Canada by KMPG LLP, mentions that NRC-CPFC supports the growth of the Canadian photonics sector by offering clients and partners cutting-edge photonics fabrication services; and simulation, design, fabrication, testing and prototyping services which help move innovative photonics devices to market.

 

The report also reveals that NRC-CPFC helps its client firm to reap benefits of about $500 million over next few years. In addition, the Canadian federal government has invested $52 million in NRC-CPFC and the rough estimate of gross commercial value to 12 companies surveyed from 2009 through to 2014 is $500 million.

 

“In order for start-ups to grow, they need patient, long-term investment,” said Ottawa Mayor Larry O’Brien. “It is quite clear in the report that NRC-CPFC is not only delivering valuable assistance to these companies, who are in need of prototyping services and commercialization expertise, but is also providing Canada excellent value for money.”

 

Michael Lebby, president and CEO, Optoelectronics Industry Development Association said that, “CPFC has been instrumental in helping clients demonstrate their technology and raise capital-about $87 million to date. In fact, OneChip (News - Alert) Photonics, an Ottawa-based company and CPFC client, holds Ottawa’s only disclosed VC deal of 2009.”

 

“We look forward to developing more successful and long-term partnerships with CPFC, industry clients and start-ups across the country in order to explore new technological possibilities and conduct advanced research and development,” he added.

 

Canada’s photonics industry has been a significant source for national economic growth, and NRC-CPFC is playing a critical role in the nation’s ability to capitalize on and leverage the expertise in this industry by helping to facilitate and expedite the commercialization process of new products and develop companies with world-class capabilities and appeal.