NOVELTY - A polycyclic compound is new.    USE - New polycyclic compound for electronic device e.g. polymeric organic light-emitting diodes (PLED), small-molecule organic light-emitting diodes (SM-OLED), organic integrated circuit (O-ICs), organic field effect transistor (OFET), organic thin film transistor (OTFT), organic solar cell (O-SC), or organic laser diode (O-laser), and photovoltaic cell (all claimed).    ADVANTAGE - Compound has electron rich and electron deficient regions.    DETAILED DESCRIPTION - A polycyclic compound of formula (I) is new.    E=C, Si or Ge;    R1,R2= greater than or equal to 120C aliphatic, aryl or heteroaryl;    R3=compound of formulae (1) or (2);    R4=compound of formula (3);    R10=compound (4) or (5);    ;M1,M2=Se or Te;    L1,L2=coordination ligand bound to M1 and M2 through a coordination bond;    q=0-4;    Y1-Y4=H, F, NO2, CN, N(R16)2, OR17, CF3, or C6HzX6-z or N connected by metal bridge atom to form a 5 member ring system;    R16,R17= greater than or equal to 20C aliphatic, aryl or heteroaryl;    X=F, Cl or Br;    z=0-6;    n,m=1-5; and    o=0-5, with the proviso that when o is 0, then R4 is either R3 or aromatic, hetero-aromatic, or alkyl functional group.    R5-R15=H, greater than or equal to 20C aliphatic, aryl or heteroaryl with the proviso that both of R5 and R6, R7 and R8, R11 and R12, and R14 and R15 are not H.    INDEPENDENT CLAIMS are included for:    (1) electronic device comprising organic or hybrid semiconducting or conducting layer containing polycyclic compound;    (2) photovoltaic acid comprising organic or hybrid semiconducting or conducting layer containing polycyclic compound; and    (3) process of applying comprising organic or hybrid semiconducting or conducting layer on substrate or electrode which involves disposing semiconducting or conducting layer on substrate or electrode.    DESCRIPTION OF DRAWING(S) - The drawing shows a sectional view of the organic photovoltaic cell incorporating small molecules or oligomers or polymers.