BTG, the London Stock Exchange-listed technology commercialisation company, has invested £2.8m (€4.6m) in Mesophotonics, a technology start-up based at the University of Southampton in the UK.
BTG will also back Mesophotonics in an advisory capacity. The money will fund the development of applications involving photonic crystal technology, for use in communications components. Anthony Lando, executive vice-president of BTG, said: "By helping form Mesophotonics, contributing our related intellectual property, and providing ongoing patent and commercial strategy support, we continue to operate in line with the venture investment strategy that we outlined at the time of our rights issue."
