Magnet Program approves three new consortia

The consortia, which are developing process control, water, and low-power electronic components, will receive NIS 55 million.

The Magnet Program committee, headed by Chief Scientist Dr. Eli Opper, has approved follow-on budgets amounting to NIS 55 million for three consortia. The Magnet Program (Generic Pre-Competitive Technologies and R&D) at the Office of the Chief Scientist organizes joint ventures by companies and research institutes to develop generic technologies for future products.

Magnet Program director Ilan Peled said that 13 consortia were currently active in developing various technologies. The approval of the follow-on funding for the three consortia is based on their achievements to date.

Opper added that continuity of Magnet Program consortia made it possible to focus on long-term R&D projects.

The three consortia that have obtained funding are:

Published by Globes [online], Israel business news - www.globes-online.com - on September 23, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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