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ISRAEL PARTNERS IN 16% OF EUREKA’S 89 APPROVED INNOVATIVE PROJECTS

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Thursday, May 12th, 2011

EUREKA’s representatives from 40 countries are investing 134 million euros ($194 million) in 89 initiatives across Europe, 14 of which have Israeli partners.

Israel has been one of the five most active members in EUREKA, the leading industrial R&D initiative in Europe, boasting the same number of projects as much bigger [EU] countries. In 2011, Israel became the first non-European state to head the EUREKA Network. Since the start of Israel’s chairmanship year, nearly 200 EUREKA projects have been approved, totaling more than 280 million euros ($405 million) of private and public investment.

The approved R&D projects cover a variety of areas, including renewable energy, agrofood technology, biotechnology, physical and exact sciences, IT and electronics, industrial manufacturing, and more. EUREKA initiatives look to meet challenges such as climate change, energy security, and limited water resources.