Current Affairs Telugu Daily

Digital launch of ‘I4Fund call for proposal’ website at India-Israel Business Summit

The ‘I4Fund Call for Proposal’ was announced with the joint launch of the website and the unveiling of the brochure by the two PMs.

The "India-Israel Industrial R&D and Technological Innovation Fund (I4F)" was announced in July, 2017 during the PM’s visit to Israel. Under this, the Department of Science and Technology, India and the National Innovation Authority of Israel have established a 40 million US dollar Fund.

Through this flagship bilateral program in the field of science, technology and innovation, support will be extended to R&D projects. This Fund will provide a comprehensive set of support tools to encourage joint projects that convert “know-how” into “show-how”.

This will lead to the joint development of affordable technological innovations in focus areas of mutual interest to address societal challenges in identified areas such as water, agriculture, energy and digital technologies.

India and Israel will make a contribution of four million US Dollars each for the Fund, annually for five years. The Innovation Fund shall promote bilateral Industrial R&D and Innovation cooperation in the fields of science and technology by extending support to joint

projects for innovative or technology-driven new or improved products, services or processes. Such projects will lead to affordable technological innovations in focus areas of mutual interest such as water, agriculture, energy and digital technologies.

Institutional support in building up consortia including private industry, enterprises and R&D institutions from India and Israel will be enabled through these collaborative projects.

  • Israel Capital: Jerusalem
  • Currency: Israeli new shekel
  • Prime minister: Benjamin Netanyahu

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