Global semiconductor developer BluGlass Limited (ASX: BLG) has received a A$5.37 million Research & Development Tax Incentive (R&DTI) rebate from the Australian Federal Government, for development activities carried out across its Australian and US facilities in FY24.
BluGlass is developing a suite of commercial GaN laser products for the global defence, dual-use, quantum, and biotech industries. Visible GaN lasers are advanced semiconductor devices that are essential to the function of a wide variety of applications, including defence and aviation navigation, quantum sensing and quantum computing, advanced manufacturing, bio-medical devices, and in scientific research.
BluGlass CEO Jim Haden said, “We deeply appreciate the Australian Government’s R&D incentive program. The combination of this rebate with the US ME-Commons funding is crucial in supporting our development roadmap. The combination provides a non-dilutive cash injection that supports our groundbreaking technology development and advances BluGlass’ novel capabilities, expediting the development of next-generation GaN lasers to address significant unmet needs in critical emerging applications.”
