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Renewable energy sector is included on the Brazil-Israel Technological Cooperation Program

The program for Bilateral Cooperation in Industrial Research and Development (R&D) in the private sector between Brazil and Israel has now a forth sector. Besides the companies from Information Technology and Communication, Defense and Health, entrepreneurs from Renewable Energy industries from both countries will be able to present technological cooperation projects to participate on the program. The Second Call for proposals, published on March 15, also extended the deadline to submit projects until June 24. The full text of the Second Call is available at http://www.brasilisrael.mdic.gov.br/arquivos/editais-publicacoes/98b14d699f0a9646fd949b3e84fb7e56_en_US.pdf .

The initiative follows the Memorandum of Understanding signed in 2007. Companies from both countries may elaborate proposals to joint R&D projects which result in the development of new products, services or processes of industrial application. This production can be commercialized internally or in the global market. It is essential that the companies have a balanced participation in the R&D project, to ensure that the innovation created brings technological and financial return in both countries.

Bilateral partnerships focused on research are an international tendency and, according to the General Director of MATIMOP, the Israeli Industry Center for R&D, Michel Hivert, “uniting Israel’s experience on R&D with the strength of the Brazilian industry will bring huge advances to both countries”.

Those interested in participating will have assistance to search for partners overseas, the mechanism known as matchmaking. To facilitate the cooperation, the website of the program has a database of companies from Brazil and Israel, with useful information to help entrepreneurs find a partner.

Besides allowing companies to develop innovative technologies with new partners and facilitating the global commercialization of this production, the cooperation program offers the opportunity of financing the same project with money from both governments. Israel will provide the funding through the Office of the Chief Scientist in the Ministry of Industry Trade and Labor of Israel and Brazil through the National Bank for Economic and Social Development (BNDES) and the Agency for Financing of Studies and Projects (FINEP).