Terry Clas, LSI conference chair, said the leadership team’s attendance goal was 300, its hope was for 500, and the actual number was more than 700, making the event a success for organizers, attendees, presenters, exhibitors, and companies alike.
“Our goal and mission is economic development,” Clas said. “LSI is an initiative to bring together companies from the region so they can collaborate with other small and medium-sized companies in an interactive environment.”
The future of the industry, Clas said, is integrated photonics, which incorporates the use of silicon to transmit data.
“Where we had lasers and waveguides we can now integrate silicon to manage photonics instead of electrons,” he said. “Photons beat electrons every day of the week for data and communication. Every compound, every molecule has a photonic fingerprint.”
The conference comprised 90 speakers, 70 demonstrators, three keynote speakers, six tracks, and the Luminate NY competition during which one startup was awarded $1 million to launch its business. Luminate also awarded one $500,000 winner, two $250,000 winners, and one audience favorite that was awarded $10,000.
Another goal of the conference, Clas said, was to gather established and startup companies in one location to tout their products and concepts while exposing young enterprises to possible investors.
“An important part of this is the vibe and experience,” he said. “We wanted to showcase this (Rochester, N.Y.) area. There are more OPI companies in a 50-mile radius here than there are anywhere else in the world. New companies come here because of that core.”
Although Rochester is currently at the forefront of photonic advancements in the world, Clas said the U.S. needs to think proactively to stay ahead of the competition coming out of Europe and Asia.
“We need to make an investment now to be competitive in this country,” he said.