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ISRAEL OPENS TWO CLEANTECH R&D CENTERS IN THE SOUTH

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Monday, January 4th, 2010

To boost entrepreneurial activity and encourage further innovation in the cleantech sector, Israel’s Ministry of Industry, Trade and Labor is creating a renewable energy center and a water technology center in the Negev. The centers will be established following a tender procedure including Israeli and international investors and have an approved 5-year budget of 100 million shekels (~ $26 million).

Start-up companies in Israel are pioneering new approaches to alternative energy, and developing breakthrough solutions in solar, thermal, and geothermal technologies, bio-mass, bio-fuel, wind, wave and energy efficiency.

Israeli water technologies have traditionally focused on treatment for reuse, conservation and security; Israel is the world’s #1 water recycler.

The first tender to be held will be for the renewable energy center. Its objective will be to enable entrepreneurs to develop renewable energy R&D projects and bring them to advanced stages of testing, and ultimately, marketability and export. The center will be lead by a consortium, which will serve as a joint venture between academia, industry and finance companies.

Additional information regarding the tenders can be obtained from the Office of the Chief Scientist (retechcenter@ocs.moital.gov.il)