Retinal announced it has been selected for the Global TIPS R&D program by the Ministry of SMEs and Startups on August 14.
This program aims to assist promising technology companies in enhancing their technologies and expanding into international markets by linking private investment with government R&D.
Founded in 2016, Retinal specializes in display-based artificial intelligence (AI) glass optical modules, designing, developing, and manufacturing the core components of AI glasses.
According to the company, the Ministry recognized Retinal's unique optical technology, product development capabilities, and the growth potential of the global AI glass market, leading to its selection for support. The goal of developing ultra-lightweight and ultra-thin optical modules to overcome the wearability limitations of existing smart glasses was also highly regarded.
Retinal will receive 5 billion won in R&D funding over the next four years for the development of ultra-lightweight optical modules for glasses and for global commercialization. The company plans to reduce the thickness of its optical modules from the current approximately 7.5 mm to 3.5 mm, cutting it by more than half.
Kim Jae-hyuk, CEO of Retinal, stated, "Expectations are rising for the expansion of the global AI glass market. With this selection, we will further enhance our optical technology and introduce an overwhelming next-generation optical module."
* This article has been translated by AI.
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