RAMAT GAN, Israel-TransChip Inc., which develops integrated camera solutions for mobile phones and multimedia devices, said it has received approval to begin a research and development project.
The Office of the Chief Scientist, part of Israel’s Ministry for Industry and Trade, approved the $3.38 million R&D project and will contribute $1.35 million toward it. TransChip will research performance and design of CMOS-based mobile imaging solutions.
The grant is the third OCS grant TransChip has received. The company is required to pay royalties to the OCS of between 2 percent and 5 percent of product sales, up to the total grant amounts.
