Venture capital played a critical role in the financing and development of Novaled, which was founded in 2001 spin-off from the Universities of Dresden and Ulm. Today, the company is the global leader in organic light-emitting diodes or OLEDS, which allow for the creation of paper-thin colour displays and screens. The technology is now being used to make a new generation of large, curved televisions that are also highly energy efficient.
Thanks to backing from eCAPITAL, TechnoStart, KfW, Omnes Capital, TechFund, CDC Innovation and Technologiegründerfonds Sachsen, Novaled grew into an organisation with over 130 employees, annual sales over €25m and an intellectual property record of over 500 patents. Bought by Samsung in 2013, Novaled is now the engine room for its global OLED developments.
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