VIGO Photonics signs new investment agreement on principles for investing in innovative projects

VIGO Photonics S.A. has entered into an investment agreement with Warsaw Equity ASI Sp. z o.o., Wojciech Smoliński, Marek Kotelnicki and VIGO Ventures ASI Sp. z o.o. The agreement sets out the principles for investing jointly with Warsaw Equity ASI Sp. z o.o., in innovative technology ventures through VIGO Ventures ASI Sp. z o.o. (VVASI).



VVASI is an alternative investment fund dedicated to investments in technology, industry, new technologies, and innovations from the photonics, optics, automation, robotics, photovoltaics as well as materials engineering sectors and, in addition, ventures originating from the community of scientific entities, focusing on R&D projects that result in the cost-effective production of innovative, high-tech devices and systems. The financing of ventures is carried out in several stages – the best developing projects are given access to funds for financing the next stages of development. Moreover, VIGO Photonics can support projects from the broadly defined area of photonics both technologically and through its know-how, thus influencing their development and faster commercialisation, while strengthening its position on the market.

The value of VVASI’s investment in a single project can reach up to approximately EUR 1 million or EUR 1.5 million with follow-on investments.



The agreement has been concluded until all investment projects made are realised and exited or until the end of 2032. In addition, the Investment Agreement specifies the decision-making process regarding the realisation of investments by VVASI (all decisions require the consent of both Partners), the maximum volume of investments, the minimum volume of shares to be taken by VVASI (5%), the rules for co-investment in projects by the VVASI team, the rules for the incentive programme for the VVASI team, and the rules for implementation and exiting of investments by VVASI.



Currently, the incubator’s portfolio includes six projects on topics such as quantum dots, vision systems, ultrafast lasers, photonic chip fabrication or chip design.



In H1 2022, the incubator invested almost EUR 1 million in Dutch integrated photonics company PhotonIP. Earlier, at the end of 2021, Spanish start-up Deep Detection, which is working on X-ray-based solutions, also joined this incubator’s investment portfolio.





Contact for media and individual investors:

Piotr Piotrowski, cc group

piotr.piotrowski@ccgroup.pl, +48 697 613 010



Contact for institutional investors:

Małgorzata Młynarska, cc group

malgorzata.mlynarska@ccgroup.pl, +48 697 613 709