LONDON &@151; Electrowetting display pioneer Liquavista BV (Eindhoven, The Netherlands has received a 2.5 million euro (about $3.7 million) innovation loan from SenterNovem, an agency of the Dutch Ministry of Economic Affairs. The money is intended to accelerate the development of Liquavista's range of eReader display technologies.
The terms of the loan in terms of interest or a date by which it is has to be paid back, were not disclosed.
"Working with SenterNovem is not just about gaining the support of funding for our research and development work," said Guy Demuynck, Liquavista's recently appointed CEO, in a statement. "It is about building a joint partnership with SenterNovem in bringing our new innovative technologies to the market."
"The loan has been approved as a result of the tremendous progress Liquavista has made to date in demonstrating its latest technology platforms," said Bas Kruiderink, project advisor at SenterNovem, in the same statement. "Liquavista is a great example of an exciting innovative technology started in the Netherlands and as such a role model to other startups."
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