Ynvisible is awarded a Portuguese National Strategic Reference Framework incentive for a one million Euros project
Ynvisible, a Portugal-based company dedicated to the research, development and commercialization of interactive printed displays, was recently awarded an incentive of over 550,000 Euros by the Portuguese National Strategic Reference Framework (NSRF, in Portuguese QREN) to support its commercialization and internationalization efforts, in a project totaling over 1,000,000 Euros.
The incentive is part of "SI Inovação" (Innovation Incentives System), a program which grants financial support to investment projects submitted by companies, based on their degree of innovation, growth potential and international focus. This incentive will further consolidate Ynvisible's planned activities by supporting the development of production capabilities, strengthening the company's IP portfolio and promoting its internationalization efforts.
The Portuguese NSRF is aimed at promoting high and sustained levels of economic development, with an emphasis on knowledge, science, technology and innovation. The project awarded to Ynvisible is subsidized by the NSFR, under the Operational Programme for Competitiveness Factors, which is co-funded by the European Regional Development Fund.
Ynvisible, a spin-out of YDreams www.ydreams.com , aims to become a world-leader in interactive electrochromic displays. The technologies developed by Ynvisible will allow the inclusion of interactive and animated features on products in areas such as packaging, advertising, print media, signage and smart wearables.
For more information on the Portuguese National Strategic Reference Framework, please visit the website: http://www.qren.pt/index.php?lang=1
For more attend: Printed Electronics USA 2011.