A new program to facilitate research and development partnerships between entrepreneurs and firms in Nova Scotia and Israel was announced Feb. 2 in Israel, Ottawa and Halifax.
The program aims to build stronger innovation and economic bridges between the province and Israel.
The joint program brings together the Israeli Office of the Chief Scientist in the Ministry of Economy and the province of Nova Scotia through the Israeli Industry Center for R&D (MATIMOP), the Canada-Israel Industrial Research Development Foundation (CIIRDF), and the Embassy of Israel in Canada.
Called the Nova Scotia-Israel Innovation Program (NSIIP), the program will harness the complementary R&D expertise, experience and resources of both regions. The NSIIP will leverage investment from the Office of the Chief Scientist (OCS), Ministry of Economy in Israel; and the province of Nova Scotia through Innovacorp. The program will enhance R&D partnership between Israel and Nova Scotia, and promote the joint creation and commercialization of high potential technologies in which collaborations between their start-ups could accelerate growth toward full scale operations and commercial success.
Entrepreneurs will be able to combine their technological and business capabilities, and address key challenges during the precarious start-up phase of development, reducing the risk of new ventures while developing new channels to global markets.
