German Physical Society has given its Technology Transfer Award to Technical University of Dresden, its Institute for Applied Photophysics and spinout Novaled.
Technical University of Dresden (TUD), its research arm Institute for Applied Photophysics (IAPP), and spinout Novaled have received the Technology Transfer Award from trade association German Physical Society (DPG).
The Technology Transfer Award was presented on March 7 in recognition of the three organisations’ work on improving the performance of organic light emitting diodes (OLEDs).
Germany-based Novaled supplies OLED displays for smartphones, tablets and televisions, claiming quasi-industry standard status.
The TUD scientists, led by Karl Leo, originally had the foundations for the technology in the 1980s, but only picked up their work again following the reunification of Germany, leading to a number of spinouts, including Novaled, formed in 2001.
The company was sold to Samsung in 2013.
In 2014, Novaled had grown from its initial five patents to more than 500, employed 140 staff and posted a revenue of €42.3m.
Prof Karl Leo, from IAPP at TUD, said: “I am extremely happy about this award. It shows once more how much long-term oriented basic research pays off and can lead to very successful applications.”
