Abstract-The generic foundry approach will lead to a revolution in micro and nanophotonics, just as it did in microelectronics thirty years ago. Generic integration leads to a drastic reduction in the entry costs for developing Photonic Integrated Circuits. Integrated circuits using generic integration open up a whole new range of applications including data communications, fiber-to-the-home, fiber sensors, gas sensing, medical diagnostics, metrology and consumer photonics. Present status and prospects of InP-based photonic foundry technology are reviewed.