Universal Display announced that it has formed a new corporate venture arm called UDC Ventures. UDC Ventures plans to invest and partner with new start-ups and companies with an emphasis on technology platforms that have a strong proprietary position and significant growth potential.
UDC Ventures has several strategic sectors of interest, including OLED, organic electronics, displays, lighting, materials science and other related areas. UDCV will invest in companies at all stages - from early R&D through late-stage established companies.
UDC ended the last quarter with over $500 million in cash and it certainly has the capability to make significant investments. This could be a very positive event for the OLED industry.