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Phoebus Optoelectronics LLC Chosen as “Innovation Economy” Success Story

June 24, 2011 | news, Uncategorized

When the White House Business Council asked New York State for information on companies which demonstrate the optimism, forward motion and hope contained in the efforts of the technology-based economic development community, nominations were requested from the state’s Centers for Advanced Technology (CATs), Regional Technology Development Centers (RTDCs) and Centers of Excellence (CoE).  In response, the CUNY CAT forwarded the request to several companies with sponsored research projects we have supported.

The state received numerous success stories from the CATs, RTDCs and CoEs.  Of these, Phoebus Optoelectronics LLC was among the twenty New York companies that were selected to be spotlighted by the White House.

Phoebus, spun out of the Grove School of Engineering at the City College of New York, is an early stage nanotechnology company developing next-generation optical materials for application to solar cells and digital imaging sensors.  The company has raised over $5 million in seed funding from industry and government sources and, over the past twelve months, has increased its personnel by hiring two Ph.D. engineers, one Masters-level engineer, and one part-time administrative assistant.  In addition, Phoebus fully funds four Ph.D. engineering students and one full-time Research Associate at CCNY.

This recognition for Phoebus, a CAT-supported start-up, showcases the type of technology assistance that the CUNY CAT is providing to companies throughout the state.