Quadrivio Capital SGR - through its TTVenture fund -Como Venture which operates in synergy with ComoNExT business incubator, and the industrial partner LPE spa, after having believed in the entrepreneurial project with a first round held in 2012, took part to a new investment round Pilegrowth Tech Srl, a company operating in the semiconductor industry, by providing financial and industrial resources for a value of over 500,000 EUR. Leonida Miglio, founder and president along with Hans von Känel, founder and CTO of Pilegrowth Tech, commented that "the challenge is doubly difficult, both for the highly competitive sector at global level, and because undertaken at a time of economic crisis equally global, but the confidence and the courage of the investors are the best incentive to pick it up and carry it to success, with as much confidence and courage, even in contrast to the trend of despair that hangs in our country. "
Pilegrowth Tech has the ambitious goal to introduce a radical innovation in the semiconductor industry, based on a new solution discovered by two prominent scientists in Solid State Phisics. The project is based on the discovery of an innovative process that has gained the coverage of the prestigious journal Science and that allows the growth of different semiconductor materials on silicon without producing the "crisis of rejection" that the different atomic structures normally generate. Such technology would allow to combine the industrial and cost advantages of silicon with the performance advantages of high value added semiconductors. It is for example the case of germanium, which is deposited on a silicon surface without producing cracks and could be useful for packaging photovoltaic cells capable of converting solar radiation to higher frequency. This solution represents a major technological innovation: the difficult task of Pilegrowth is to turn this scientific breakthrough into a platform for innovative products (electronic devices to handle the power of many consumer goods, in place of silicon, high efficiency but lighter solar cells, extremely sensitive and precise x-ray radiation detectors).
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