India-Israel to widen scope of Industrial R&D & Technological Innovation Fund

24 Jan,22 9:30 am
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India-Israel Industrial R&D and Technological Innovation Fund (I4F): Experts from India and Israel recently deliberated on widening the scope of India-Israel (I4F) at its 8th Governing Body meeting.

Note: I4F is India – Israel Industrial Research and Development (R&D) technological Innovation fund.

Key Details:

  • They approved 3 joint R&D projects worth 5.5 million USD.They are as follows:
    • Centrally monitored Internet of Things Nanosensors for Molecular diagnostic in health care
    • Internet of Things enabled satellite communication for real – time agriculture and environmental data collection
    • NoMoreMos: It is a mosquito control biological solution
  • The fund is basically to be used for projects in the field of health care, mosquito control and agriculture.
  • They also suggested measures to create a broader India-Israel collaborative ecosystem.

I4F 2.0:

  • During the governing body meet, the members mutually decided on a strategy for the new phase of I4F 2.0.
  • Both the countries will widen the scope of the fund by determining technical feasibility and market acceptability of new products or technologies, co-developing products or technologies for commercialisation, co-testbed products or technologies for commercialization in research and development and pilot areas.

About India-Israel Industrial R&D and Technological Innovation Fund (I4F):

  • India-Israel Industrial R&D and Technological Innovation Fund (I4F) fund is a collaboration between the Department of Science and Technology (DST), Government of India (GoI), and the Israel Innovation Authority, Government of Israel.

Objective:

  • Its main objective is to promote, facilitate and support joint industrial R&D projects between companies from India and Israel to address the challenges in the agreed ‘Focus Sectors’.

Focus Sectors:

  • The focus sectors include Telecom, agriculture, IT, pharmaceuticals, and homeland security.
  • Of all the sectors, their relation is deep in agriculture.

About Indo-Israeli Agriculture Project:

  • The Indo–Israeli Agriculture Project (IIAP) is being implemented for more than ten years now.
  • Some of the successful outcomes of the project include the following -
  • Successful growing of cherry tomatoes in Haryana,
  • Rejuvenating mango orchards in Maharashtra, and
  • Demonstrating to Indian farmers the effectiveness of state-of-the-art irrigation technologies.

Aim

  • The aim of I4F is to promote, facilitate and support joint industrial R&D between India & Israel, which would lead to the co-development and commercialization of innovative technologies benefiting both countries.

Implementing Agency:

  • Global Innovation & Technology Alliance (GITA) is appointed to implement the I4F program in India, while Israel Innovation Authority is the implementing agency in Israel.

About Israel:

  • Israel formally known as the State of Israel is a country in Western Asia.
  • It is located on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea. It is regarded as the biblical Holy Land by Jews, Muslims and christians.
  • Its most sacred sites are in Jerusalem which is also the Capital of Israel.
  • The currency used here is Israeli Shekel.
  • The current President and Prime Minister of Israel are Isaac Herzog Prime Minister and Naftali Bennett respectively.

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