Development Bank Wales invests in Fovo Technology Ltd. to advance its innovative Dynamic Projection imaging technology.
Target Company Overview
Fovo Technology Ltd. (Fovotec), a spinout from Cardiff Metropolitan University, has recently secured investment from Development Bank Wales to advance its innovative imaging technology. Founded in 2017 by a group of interdisciplinary scholars, Fovotec focuses on developing a novel technology called Dynamic Projection, based on extensive research into human vision. The company has successfully obtained 15 international patents to safeguard its pioneering processes, with additional patents currently pending.
The Dynamic Projection technology promises to generate images that closely mimic human perception, opening avenues for transformative applications across various sectors including gaming, smartphone cameras, cinematography, medical imaging, security, defense, and communications.
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Industry Overview in Wales
The technology market in Wales is steadily maturing, demonstrating a vibrant ecosystem for startups and spinouts, particularly in the field of imaging and visual technologies. With a strong emphasis on research and innovation, Welsh universities actively con
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Development Bank Wales
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