This project is funded by the 7th Framework Programme of the EC This project is funded by the 7th Framework Programme of the EC
The EuroPIC project is coordinated by COBRA The EuroPIC project is coordinated by COBRA
Home Info The Importance of SMEs

The Importance of SMEs

SMEs as a group dominate European industry. Most are very small < 10 employees.

http://ec.europa.eu/enterprise/policies/sme/facts-figures-analysis/

European SMEs must also play a key role in the EuroPIC development, as they are the driving factor for economic growth and innovation.

The cost of entry into the photonics field is high due to capital investments in equipment and cleanrooms, process development and operational cost of such a setup. EuroPIC is about to change the way research institutes, SMEs and the industry work together in the field of photonic micro-systems based on Indium Phosphide (InP) fabrication technologies. A completely new business model will be developed and introduced, resulting in the availability for European companies and institutes of the required production methods and tools. This will also bring significant benefits to the new Eastern European member states where little or no investment in photonic fabrication infrastructure has taken place, by allowing new SMEs from these countries to compete in developing novel or improved photonic applications.

The concept of the project is simple: use the innovation capability of photonics SMEs by enabling access to a shared production facility, in which the technological boundaries are pushed forward by joint research in combination with Europe's leading research groups.