Picodeon to ramp up research and manufacturing after investment

In addition, Picodeon recently started a new project funded by TEKES (the Finnish Funding Agency for Technology and Innovation) with a value over EUR 1 million. The investment will fund further research into thin-film applications and the development of new thin-film materials, as well as the production of a market-ready range of laser deposition equipment. “This investment round enables Picodeon to continue the commercialisation and production of its innovations related to nanotechnology thin-film solutions and equipment. Enso Ventures is an ideal investor for us as they are committed to a long-term business development plan,” said Marko Mylläri, CEO of Picodeon. Picodeon is investing nearly EUR 2 million in the development of new automated thin-film coating equipment which will be up and running by January 2014.