The Brazilian Research and Industrial Innovation (EMBRAPII) and Israel’s Innovation Authority (IIA, acronym in English) will support the development of four Innovation projects carried out in cooperation, Brazilian and Israeli companies. They will invest US $ 7.5 million. The resources include business investments in both countries, the agencies encouragements to innovation and research centers. The EMBRAPII finances non-reimbursable funds 1/3 of the Brazilian company in each project.
The projects, which cover several areas, are the first results of the cooperation agreement signed between EMBRAPII and the IIA, which aimed to expand mutual cooperation in science and technology of the two countries and facilitate the identification of business opportunities that can generate innovative products and systems to market. “The partnership with IIA showed that this initiative can lead the industries of Brazil and Israel to be more attentive to the wide range of opportunities to be explored between the two countries,” said Jorge Guimaraes, CEO of EMBRAPII.