The global market for delivering fibre optic technology to the home is currently valued at $419 million, but that is expected to grow rapidly into the billions – growth that’s likely to happen faster thanks to the work of Ottawa-based OneChip Photonics.
OneChip Photonics is the first company to develop fully integrated optical transceivers which transmit and receive data using optical fibre rather than electrical wire. Their high-performance optical transceivers improve quality, reliability and performance over current technology.
Building on OCE investments totaling $630,000 through the Market Readiness and Collaborative Research programs, OneChip Photonics received further investments from leading Canadian and U.S. venture capital specialists and recently secured $17 million in additional funding to develop technology aimed at transmitting high-definition television, video and voice traffic.
In 2010, OneChip opened a new regional office in China and was named one of Spectra magazine’s Startups to Watch. Recently, OneChip was named to the Silicon 60 by EETimes.
“OCE has been a key partner in helping OneChip Photonics fund the development of our breakthrough technology and scale our operations. With OCE’s support we are growing our business to be a leading global provider of optical communications components.” —Jim Hjartarson, CEO, OneChip Photonics Inc.
Return on Innovation
- 50 new jobs with plans to add another 50 in the near future.
OCE©2010 Last updated 01/2012