Israel, Brazil Sign R&D Collaboration Agreement

The Israel Innovation Authority and the Brazilian Agency for Industrial Research and Innovation (EMBRAPII) announced the establishment of a new partnership on Monday that would see the two countries cooperate on technological innovation and industrial R&D.

According to the memorandum of understanding, the collaboration between Israel and Brazil will promote activities in each country’s respective industrial sector, deepen cooperation in the fields of science and technology, and facilitate specific projects between entities toward innovative processes and products, the Israel Innovation Authority said in a statement.

Both countries allocated a budget of $5 million over the next five years for the initiative which issued a first call for proposals late last month. The program will support large-scale collaboration projects in the fields of IoT, life sciences, energy, and agriculture.

Israeli Minister of Economy and Industry Eli Cohen said in a statement that the agreement “will broaden technological cooperation and improve both nations’ competitive capabilities.”

“Investment in innovation and allocation of resources to technological development are the keys to sustainable economic growth, increased productivity and creation of significant economic value,” he added.

Aharon Aharon, CEO of the Israel Innovation Authority said: “Israel and Brazil are leaders in many rapidly advancing fields such as IoT, life sciences, energy, and agriculture, and within these fields there are a great number of opportunities for collaboration between Israeli and Brazilian companies. This agreement is an important first step on the path of technological cooperation, and we envision an increase in joint Israeli-Brazilian technological collaboration in the coming years.”