The Canada-Israel Industrial Research and Development Foundation (CIIRDF) stimulates collaborative research and development between private sector companies in both countries, with a focus on the commercialization of new technologies. In support of this mandate, and with offices in both countries, CIIRDF:
- Promotes the benefits of Canada-Israel R&D collaboration
- Offers a matchmaking service that brings together Canadian and Israeli companies seeking R&D partners
- Invests in bilateral R&D initiatives
Established in 1994 under a formal mandate from the Governments of Canada and Israel, CIIRDF is connected institutionally with the Israel Innovation Authority. Recognized as one of the most successful partnership models of its kind, CIIRDF-supported R&D partnerships have generated a wealth of direct and indirect economic benefits for both nations. The foundation has financed more than 110 bilateral technology partnerships that engage more than 200 Canadian and Israeli companies. These alliances have enabled the joint development, marketing and sales of more than 50 technologically improved new products over the last 20 years. Based on conservative data provided directly by participating companies, CIIRDF-enabled technologies have generated a minimum of hundreds of millions in economic value for Canadian and Israeli companies alone over the past decade.