Scotland’s national investment bank ploughs £10m into light-powered WiFi
Scotland’s national investment bank has ploughed £10m into a specialist WiFi company that uses light to transmit wireless data rather than traditional radio waves.
pureLiFi secured the cash to take its ‘revolutionary technology’ into global consumer markets and offer an alternative to conventional radio frequency systems such as WiFi and 5G.
By harnessing the light spectrum LiFi is able to provide more reliable wireless communications with what the company claims is ‘unparalleled security’. The company further claims LiFi can help solve congestion issues over WiFi networks and enhance the quality of connection when the technologies are used together.
The technology was invented in Edinburgh by the ‘father of Lifi’, Prof. Harald Haas and Dr Mostafa Afgani in 2012, but has struggled to make a significant commercial breakthrough.
The Scottish National Investment Bank’s support will enable the company to further develop new technologies while opening up additional markets in areas such as mobile phones, tablets, wearables and other connected devices. It is capable of transmitting data at gigabit speeds.
pureLiFi CEO Alistair Banham said: “The bank’s investment will help us achieve our vision to connect everyone and everything with LiFi.
“We introduced our technology to the world from Scotland and it is important for us to grow our company and ecosystem from here.
“Our vision is for Scotland to be a recognised centre of excellence for LiFi. In the future customers from around the world will come to us for our innovative technology and leverage the wider photonics ecosystem that already exists here in Scotland.”
Jimmy Williamson, executive director at the Scottish National Investment Bank, said: “The bank’s investment will support pureLiFi as they look to scale up their operation, allowing them to take the innovative technology to the global market.
“By backing them the bank is also investing in highly skilled research and development jobs in Scotland and endorsing pureLiFi’s vision to create a centre of excellence of LiFi.”
We need to shout about our successes. Liz Fletcher on celebrating women in biotech
Throughout my career in biotechnology and life sciences, I have seen many women leading ground-breaking research studies in their fields of expertise. Yet, and I include myself in this, we…
Getting the best out of patient data is key to unlocking future health benefits in Scotland
It is important that clinicians’ voices are heard in the consultation around Scotland’s new health and care data strategy, which closes this week (12 August). Busy GPs like myself are the trusted…
How motherhood helped me be a better leader
Consider this an open letter to anyone I have worked with before I became a mother and before I fully understood how being a parent is actually a prized asset…
‘We cannot achieve our goals without entrepreneurs’ – Kate Forbes on vision for new ‘tech scaler’ network
From the very start of my ministerial career, I have had responsibility for the Scottish tech sector – and I can still say what I have said from the start,…
Finding a role in cyber was ‘tough’ for Cheryl Torano. Now she’s determined to help other women join an under-represented industry
When I decided to upskill to change careers at the age of 30 and dive into the digital world, I knew I would be starting out at the bottom of…
Why innovation and marketing are the perfect partners to make changes that matter￼
With the rapid evolution of traditional marketing and the appearance of digital marketing, technology and innovation has become part of any marketer’s life without the need of working for a…
Transitioning to a four-day week – CEO’s vow to strike a healthier balance in the workplace
I came to Scotland nearly 20 years ago from Ireland, with no contacts but a lot of determination. While Ireland will always be my home, Scotland has given me amazing…
Women Lead: The female-led company championing intuitive working
Over the last two years, the pandemic forced a shift to more remote and flexible working practices. Whilst we might be seeing a “return to normal”, some companies are choosing…