LONDON During a visit by a delegation of Finnish industrialists and investors to Israel, the two countries announced the formation of an R&D fund called Finland Israel Technology, according to a Globes online report.
The fund has a budget of 10 million euro (about $12.8 million) budget, with each country providing half, and aims to support joint projects across many industrial areas, the report said.
Israeli-Finnish R&D collaboration has been going on for some time. A joint committee has approved three projects recently in addition to five projects already underway or about to commence, the report said.
One of the projects involves Finland’s Nokia and Israeli company Provigent Ltd., the report said. Provigent is a fabless chip company that has developed the PVG310 single-chip modem to allow broadband wireless data transmission with two data streams on two polarizations of a single channel. The chip enables transmission speeds of 311-Mbits per second over 28-MHz channels or as much as 622-Mbits per second over 50-MHz to 56-MHz channels (see Jan. 30 story).