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Extension of Application Deadline for Brazil-Israel Technology Cooperation Program

New Application Deadline: Nov. 14, 2013
Technology Focus: IT & communication, Defense, Health, Renewable Energy

Brazil and Israel extend the application deadline for projects in the bilateral Technological Cooperation Program

Companies already submitted 10 collaboration projects and plan to jointly invest US$ 27.2 million in R&D

Addressing many companies' requests, the Ministry of Industry, Development and Foreign Trade of Brazil (MDIC) and the Israeli Office of Chief Scientist in the Ministry of Economy, represented by MATIMOP, decided to postpone the applications deadline and allow more companies to submit joint proposals to the Program for Bilateral Cooperation in Industrial Research and Development (R&D) in the private sector between Brazil and Israel. The program is open to joint projects in the fields of Information Technology and Communication, Defense, Health and Renewable Energy. Companies are invited to submit applications for collaborative R&D projects by November 14, 2013. Notwithstanding, 10 project proposals have been already submitted, reflecting R&D investments of about US$ 27.2 million.

MDIC’s Secretary of Innovation, Nelson Fujimoto, explained that this decision has been made because many companies showed strong interest in the cooperation program in the three or four weeks before the previous deadline, June 24. “We already have 62 Brazilian and Israeli companies registered in the program’s website, but almost half of them only registered in June. Since the negotiation of such an agreement, to cooperate in a research project, is very complex, we realized that many companies would need more time to send their project proposals. Besides, some companies specifically asked us and MATIMOP to postpone the deadline”, said Fujimoto.

Israel's Chief Scientist in the Ministry of Economy, Avi Hasson, emphasized the strong interest of companies in the recently launched Brazil-Israel R&D program. "Strengthening our links with Brazil is a priority of the Israeli government due to the significant interest shown by the Israeli industry" said Hasson. "Our bilateral program demonstrates the importance of international cooperation in promoting innovation and technology. The governments have a key role – through policy and support instruments- to facilitate this collaboration", he added.

The companies that already submitted their projects in June, as well as those that will send it in the following months, will be able to proceed immediately to the subsequent phases of the program (Evaluation and selection of proposals and Funding request). The goal is to ensure that the companies are not obliged to wait four months to until their projects can be evaluated. The new schedule and other information about the program are available at http://www.brasilisrael.mdic.gov.br and www.matimop.org.il/brazil.html

The bilateral program initiative follows the Memorandum of Understanding signed by both countries in 2007. Companies from both countries are invited to elaborate proposals for joint R&D projects which result in the development of new products, services or processes of industrial application. This production can be commercialized internally or in the global market. It is essential that the companies have a balanced participation in the R&D project, to ensure that the innovation created brings technological and financial return in both countries.

Those interested in participating receive assistance in finding project partners overseas- the mechanism known as matchmaking. To facilitate the cooperation, the website of the program operates a database of companies from Brazil and Israel, with useful information to help entrepreneurs find a partner.

Besides allowing companies to develop innovative technologies with new partners and facilitating the global commercialization of this production, the cooperation program offers financial support for approved projects, through both governments' funding mechanisms. Israel will provide the funding through the Office of the Chief Scientist in the Ministry of Economy of Israel and Brazil through the National Bank for Economic and Social Development (BNDES) and the Agency for Financing of Studies and Projects (FINEP). Companies may also participate on a self-funding basis.

For additional information:

In Brazil: Mr. Igor Manhães Nazareth, igor.nazareth@mdic.gov.br

In Israel: Ms. Ilana Gross, ilana@matimop.org.il