(Formerly the Office of the Chief Scientist and MATIMOP)

New R&D Cooperation Agreement with Hong-Kong

February 17, 2014 (Hong Kong) - Hong-Kong and Israel Have signed a new cooperation agreement on industrial research and development. Secretary for Commerce & Economic Development Gregory So signed the memorandum of understanding with Israeli Consul-General Sagi Karni. Mr. So said promoting the development of technology as a means of fostering economic development is of mutual interest to both places.

The deal provides a framework for the Innovation & Technology Commission and Israel’s Office of the Chief Scientist of the Ministry of Economy to jointly encourage industrial research and development collaborations and technology development between Hong Kong and Israeli entities.

Mr. So said he is confident the collaboration will inspire more joint innovative activities between the two places.

Chief Scientist of the Ministry of Economy of Israel, Mr. Avi Hasson, and the Commissioner for Innovation and Technology of the Hong Kong SAR Government, Miss Janet Wong, also attended the signing ceremony.  

Mr. Karni said at the signing ceremony, "With this MoU we set up a mechanism, with no cap I mind you, that will enable co-financing of high-tech R&D, but also we send a clear message to the industry and academia that we at the Government of Israel are fully supportive of this sector and committing tax-payers’ money for future growth". “We find Hong Kong an important partner to promote with and boost high tech activity in the region. The unique location, the transparent legal system, the vibrant society and above all the talent of the people make a perfect match”, he said.   


Mr. Hasson, who came to Hong Kong especially to attend this signing ceremony, said, "The agreement that we signed today is an important platform for developing cooperation between Hong Kong companies and Israeli companies. HK companies should be a natural partner for Israeli companies looking east and we hope that through this agreement new world changing technologies will be developed."

For more information about cooperation opportunities through the new Hong-Kong Israel agreement, please contact China Program Manager, Ms. Merav Tapiero (meravt@innovationisrael.org.il).