Governor General of Canada David Johnston, left, with Chief Scientist of the State of Israel Avi Hasson. (photo by Sgt. Ronald Duchesne, Rideau Hall)
On March 1, Governor General of Canada David Johnston met Chief Scientist of the State of Israel Avi Hasson to discuss innovation and how Canada and Israel can enhance cooperation in this field. During Hasson’s visit, the Canada-Israel Industrial Research and Development Foundation released its latest impact report.
Established in 1994 under a formal mandate from the Government of Canada and the State of Israel, CIIRDF-funded projects cross many scientific disciplines, technologies and industrial sectors. These include biotechnology, agriculture, information and communications technologies, automotive, natural resource management, public safety and aerospace.
With base funding of $1 million per year from each of the governments of Canada and Israel, CIIRDF stimulates collaborative research and development between companies in both countries, with a focus on the commercialization of new technologies; pools Canadian and Israeli know-how to provide both countries with improved market access, sustainable competitive advantage and long-term market opportunity in global economies; strengthens ties between Canada and Israel, and delivers economic benefits to both countries; and leverages additional regional and sector-based funding that is matched by the government of Israel.
CIIRDF has engaged more than 1,000 participants in partnership development activities, including more than 400 industry leaders who actively contributed to R&D collaboration discussions. It has processed more than 230 bilateral R&D applications and funded 110 projects engaging more than 200 companies from Canada and Israel.
These alliances have enabled the joint development, marketing and sales of more than 50 technologically improved new products for global markets; generated $60 million in initial sales, and $300 to $500 million in additional economic value to collaborating companies; and created hundreds of jobs in both countries.
For the full impact report, visit racineinc.com.