Israel, India Establish $40M Innovation Fund

July 13, 2017 | Israeli Prime Minister Benjamin Netanyahu and Indian Prime Minister Narendra Modi have signed an agreement to create the Israeli-India Innovation Initiative Fund. The fund will be a platform for diverse technological cooperation between the two countries, leveraging the technological strengths of both nations. Each country will allocate $4 million annually over a five-year period for the fund’s activities. The fund will be run by the Israel Innovation Authority and the parallel executive agency under the auspices of the Indian Ministry of Science and Technology.