Universal Display Forms Subsidiary to Invest In Technology Entrepreneurs, Startups

Universal Display formed UDC Ventures, a subsidiary that will invest in and partner with entrepreneurships, "disruptive" startups and "innovative, emerging companies,” said the OLED materials and technology supplier Wednesday. It's targeting investments in companies with “technology platforms” that have “proprietary position and significant growth potential,” it said. Possible investment sectors are OLED, organic electronics, displays, lighting, materials science and “other related areas,” it said. “Companies can be at any stage,” ranging from “pre-commercial” R&D to “early prototypes” to “late stage” initiatives, it said. “The venture arm seeks to be an impactful strategic investor, with investments ranging from seed funding to later stage growth capital.” Universal Display didn’t comment Thursday on how much of a cash war chest UDC Ventures will have available to invest.