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12/07/2013
Brazil-Israel Cooperation Program receive 10 projects with planned R&D investments of US$ 31 million

Addressing companies requests, application deadline for projects was postponed to November 14

 

The Program for Bilateral Cooperation in Industrial Research and Development (R&D) in the private sector between Brazil and Israel received, between March and June, 10 projects for the joint development of new products and technologies in the fields of Information and Communication Technologies (ICT), Defense, Health and Renewable Energy. These 10 projects plan to invest about US$ 31.2 million in R&D.

This value can grow, since the Ministry of Industry, Development and Foreign Trade of Brazil (MDIC) and the Israeli Office of Chief Scientist in the Ministry of Economy, represented by MATIMOP, decided to postpone the applications deadline for projects to November 14, 2013, as requested by many companies. The program’s goal is to unite two companies from both countries in a project of joint development of new industrial products, services and processes. MDIC’s Secretary of Innovation, Nelson Fujimoto, said that the 10 projects already received show the importance of the program. “Companies have great interest in this kind of cooperation with foreign partners”, stated Fujimoto.

Israel's Chief Scientist in the Ministry of Economy, Avi Hasson, emphasized the strong interest of companies in the recently launched Brazil-Israel R&D program. "Strengthening our links with Brazil is a priority of the Israeli government due to the  significant interest shown by the Israeli industry" said Hasson.

 

Postponement

Since almost half of the 62 Brazilian and Israeli companies registered in the Program’s website only in June, both governments decided to extend the application deadline to November 14. In this period, all companies can negotiate partnerships and submit new projects, with no disadvantage to those that already sent their cooperation projects. The 10 proposals received so far will be immediately analyzed and, if approved, will be able to submit the funding request before November. 

The bilateral program initiative follows the Memorandum of Understanding signed by both countries in 2007. 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. Those interested in participating receive assistance in finding project partners overseas – the mechanism known as matchmaking. Besides allowing companies to develop innovative technologies with new partners and facilitating the global commercialization of this production, the cooperation program offers financial support for approved projects, through both governments' funding mechanisms.