Currently, 4.66 billion people use the internet around the globe. By 2023, it is estimated the number of devices connected to the internet will be more than three times the global population. 

This will place unprecedented demands on our mobile networks. 5G has the capability for extremely high amounts of data, speed, and connectivity. However, key technologies currently supporting 5G are not expected to be able to cope. 

Cambridge University spinout, CamGraPhIC Limited (“CamGraPhIC” or the Company) believes it can help address this. It is developing next-generation graphene/silicon chip devices that could be a core enabler for the creation of telecom and datacom devices operating at the very high speeds and bandwidths 5G demands. 

The Company aims to have two Graphene Integrated Photonics devices (“GIP”) ready for launch in 2024 and 2025. Indeed, it is already working closely with end customers Ericsson and NVIDIA – both have provided Letters of Support endorsing the devices. 

Alongside Cambridge University, CamGraPhIC is backed by other high-profile investors, including co-founder Frontier IP Group plc (“Frontier”) – an investment company dedicated to driving the commercialisation of IP. 

CamGraPhIC is now raising up to £1.5 million of equity under EIS and Wealth Club has an exclusive allocation of £750k. Applications will be accepted on a first-come, first-serve basis thereafter. In addition, Frontier is providing up to £1.5 million via a convertible loan and the Company has just been notified of approval of a €1.2 million zero-interest European government loan (subject to meeting the required conditions).

Funding is expected to be used to deliver several key short-term milestones in the testing process, which should culminate in the demonstration of proof-of concept devices at strategic customer sites in January 2022. The Company expects an institutional-only funding round to follow by the end of the year, potentially at a higher valuation – not guaranteed. Several venture capital funds are already well progressed through their due diligence processes.