International support for DVI

Hamilton-based Deep Video Imaging has received $506,000 from the Government's Technology for Business Growth programme, less than a month after receiving $690,000 from the Singapore Government.

DVI will use the New Zealand money to commercialise its 3D liquid-crystal display screens in Asia, and the Singapore cash will enable it to receive support from technology incubators under the umbrella of the Singapore Government. The company is 80 per cent owned by listed venture capital firm IT Capital and Stephen Tindall's private investment company, Tindall Family Holdings.

DVI says its screens are the first to achieve a 3D effect without viewers having to wear glasses or stay in one position. The effect is created by layering two LCD screens over each other.