The University of California and Israel’s Innovation Authority sign cooperation agreement
With the goals of fostering technological innovation and boosting research and development, the University of California has signed a memorandum of understanding with Israel’s National Technological Innovation Authority to increase cooperation between the two entities.
The memorandum aims to identify opportunities for projects, partnerships and collaborations between UC and Israel’s Innovation Authority that may lead to innovative technologies and products with the potential for commercialization in the global market.
“This agreement aligns with UC’s larger efforts to build relationships with state, national and international partners to propel the many discoveries and innovations from our campuses, labs and medical centers into the world economy,” UC President Janet Napolitano said. “Developing groundbreaking technologies that can be put to practical use around the world is central to our mission as a public institution, and we’re delighted to have Israel’s Innovation Authority as a partner in this mutually beneficial endeavor.”
“This is a great opportunity for bilateral research and development projects that will combine state of the art technology from the UC system with the capability of Israeli companies,” said Avi Hasson, chairman of Israel’s Innovation Authority. “The economic fruits of collaboration with this large and impressive California environment will certainly play an instrumental role in helping these companies to increase their competitiveness and accelerate commercial success in global markets.”
As part of the agreement, UC and the Innovation Authority will boost cooperation through increased bilateral meetings and information sharing. It comes on the heels of a similar memorandum signed between the state of California and Israel on bilateral cooperation in industrial research and development.
“The memorandum of understanding with the University of California is yet another important step forward in the ongoing effort to bring Israel and California closer,” said Andy David, consul general of Israel in San Francisco. “As two global leaders of innovation, this collaboration is a natural one that can enhance our mutual goal of creating a better world for everyone.”