Entrepreneur Plus - Short White
For Subscribers

Get in on a Burgeoning MarketBattery maker lands a powerful $13.2 million in funding.

By格温莫兰

Opinions expressed by Entrepreneur contributors are their own.

Charge!

In a world where electronics and gadgets are getting smaller and more sophisticated, the batteries that power them need to shrink as well. That's opened up a big market forSolicore, a Lakeland, Fla.,-based developer, manufacturer and supplier of ultrathin, flexible lithium polymer batteries under the Flexion brand. These skinny power sources can be used for everything from RFID tags to micro medical devices. However, the sweet spot the company has found are "smart" credit cards, such as Bank of America's SafePass, which generates single-use passwords to protect against fraud.

It's a market on the move. A 2008 report from research firm RNCOS estimated that the global shipment of smart cards surpassed 5 billion units in 2008, and that the number will grow by an average of 11 percent per year through 2012.

Continue reading this article — and all of our other premium content with Entrepreneur+

Join the internet’s leading entrepreneur community! With your subscription you’ll get:

  • Unlimited access, including premium content
  • No ads
  • Subscription to狗万官方magazine
  • Four free e-books a year
  • Subscriber-only events with our experts

Editor's Pick

Related Topics

Science & Technology

This Is the New ChatGPT Trend That Will Enhance Your Business

ChatGPT plugins are becoming the new cool trend among entrepreneurs to enhance their businesses and engage more customers. Here are some insights into how they're impacting business enterprises, along with some potential risks that may accompany the benefits.

Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Growing a Business

Senior Executives Are Falling Behind The Digital Curve — Here's What It Takes to Stay Ahead.

Learn how to stay ahead of the digital curve with the top areas of digital transformation that all corporate leaders should know.

Business News

McDonald's Is Launching a Spinoff Restaurant Chain Based on a Beloved, Blast-From-the-Past Mascot

The company saw a lot of success with another former mascot, Grimace, in June.