With venture capital drying up, the awards couldn't have come at a more timely moment for Luxtera Inc. and SiWave Inc. A third company, Corning IntelliSense Corp., also won an award.
According to the blurb on the program's Website, ATP is a highly-competitive award scheme aimed at encouraging "high-risk research and development projects that have the potential to spark important, broad-based economic or social benefits for the United States." It's designed to fund research before it reaches the product development stage.
Last year's photonics developments didn't attract the ATP judges: Out of 43 awards, there were none for optical components companies. Possibly the amount of venture capital flowing into the industry put optical vendors out of the running.
This year, however, optical components are back on the agenda, with three out of 40 awards going to photonics firms. Oddly enough, all three companies are developing all-optical switching subsystems. Here are some more details:
Corning IntelliSense Corp.
Ultrahigh-Density Scaleable Digital Control of Micro-electro-mechanical Systems (MEMS)
Nanophotonic Integrated Circuits for Telecommunications and Computing
www.lightreading.com Want to know more? The big cheeses of the optical networking industry will be discussing optical switches at Lightspeed Europe. Check it out at Lightspeed Europe 02.