Which science field has the most promising future?

Computer science
Nanotechnology
Biotechnology
Aerospace engineering
Ecology, resource saving
Cleantech
Other

What is the mankind's most dangerous invention?

Atomic bomb
Drugs
Automobile
Money
Television
Fast food
Internet

DisplAir ditches airborne display production idea, opts for technology licensing

DisplAir, the inventor of an interactive airborne display with full-scale multi-touch support based in Astrakhan, in the Lower Volga, has decided to scrap its old display production strategy and move to licensing its own technologies to other companies, innovation news portal Venture Business News reported.

It was reported last week that Maxim Kamanin, the founder and CEO of DisplAir, had announced during the CES-2014 show that was held on January 7-10 in Las Vegas that he would shut down the company. He then explained that their flagship product was not yet ready for serial production; with excessive expenses the company was operating in the red; and additional investment was required to go forward.

As was aired most recently, an unaffordable level of expenses required to set up shop has prompted the Astrakhan developer to opt for an effort to improve the technology and start licensing it for use by other companies in their consumer products. In this new strategy, DisplAir is closing its office in Astrakhan, leaving only its R&D department to go on with the project.

“The board of directors fully supports the company’s new strategy and is ready to render as much assistance as needed to keep it going,” said Alexander Chachava, a managing partner at LETA Capital, a Russian VC fund, and board member at DisplAir. 

2014-01-21, Marchmont News.


Keywords: technologies, startups, Leta GIV

21.01.2014
Europe's hottest startup capitals: Moscow
21.01.2014
DisplAir ditches airborne display production idea, opts for technology licensing
21.01.2014
Government-sponsored startup tour to bring innovation expertise to 26 Russian cities
21.01.2014
Russian navigation helmet vs. Google Glass
29.10.2013
2nd Annual Cross Industry Technology Transfer and Innovation Conference and Networking 2013 (TTI 2013)
29.10.2013
2nd Annual Cross-Industry Technology Transfer and Innovation Conference and Networking 2013 (TTI 2013)
23.10.2013
Startup Funding in Russia: Nginx raises $10 million
23.10.2013
Russia’s angel investing market grows but problems with start-ups and law persist – IIDF
16.10.2013
New $30 million fund expects 45% IRR; makes first investment in task outsourcing service Youdo.com
16.10.2013
Startup offers Russians affordable genome testing
08.10.2013
Russian VoIP Startup Zingaya Announces Cloud Platform for Real-Time Communications
08.10.2013
4 Selling Essentials Every Startup Should Know
03.10.2013
Cashing in on the corporate ‘green’ agenda
03.10.2013
7 fast tips for early-stage startups searching for angel funding
03.10.2013
Runa Capital injects $2 million in mobile banking startup with global ambitions

Leave your comment
Sign up
Enter verification codeEnter verification code

Second Moscow International Foreign Investment Forum
Most popular news
Annual Investment Meeting 2013

Welcome to Investment. Innovation. Business Web Portal – a community-driven platform for all the participants of the investment process both in Russia and abroad!

We work to provide online information exchange between Russian and global investors and innovators, business owners and developers.