B-PHOT coordinates Photonics Digital Innovation Hub that secured €19 million to boost SME growth
PhotonHub Europe – a new pan-European photonics digital innovation hub – has been awarded €19 million investment from the EU’s Horizon 2020 programme.
PhotonHub Europe will help European SMEs and mid-caps become highly competitive digital businesses through faster and smarter deployment of photonics-based technologies, directly creating over 1.000 new high-tech EU jobs and nearly €1 billion in new revenues and venture capital by 2025.
Powering the new industrial wave
“Photonics is essential to the functioning of new applications which are powering the new industrial wave – Industry 4.0 – and which are also critical to our ability to fundamentally address the enormous global societal and environmental challenges of our times”, said Prof. Hugo Thienpont, Director of Brussels Photonics (B-PHOT) at the Vrije Universiteit Brussel (VUB) and overall coordinator of PhotonHub Europe.
“European industry needs to be at the forefront in innovating with photonics, making the most of our combined strengths across all parts of the innovation value chain, and working collaboratively across all member states, to support European business innovation and growth. This is the motivation behind the establishment of PhotonHub Europe which is directly building on top of over 15 years of previous European projects and collaborative efforts by all of the organisations involved in developing and integrating the infrastructure necessary for such a major undertaking.”