Thanks to its high emission cross section around 1 µm, Yb:CaNb2O6 is a good candidate for laser operation near 1 µm as shown in our figure of merit. We demonstrated, for the first time to our knowledge, laser operation of Yb:CaNb2O6 at 1003 nm. More than 2.23 W at 1003 nm and 577 mW at 501.5 nm were produced simultaneously. This visible wave length corresponds to an iodine transition previously studied with argon ionized lasers for metrological applications. (© 2012 by Astro Ltd., Published exclusively by WILEY‐VCH Verlag GmbH & Co. KGaA) (© 2011 by Astro Ltd., Published exclusively by WILEY‐VCH Verlag GmbH & Co. KGaA)