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, CIIRDF:
- Promotes and communicates the strategic and commercial benefits of Canada-Israel R&D collaboration;
- Delivers a matchmaking service that brings together Canadian and Israeli companies seeking R&D partners, and helps to broker new technology collaborations, and; and
- Financially supports bilateral R&D initiatives that cross many scientific disciplines, technologies and industrial sectors including: biotechnology, agriculture, information and communications technologies, automotive, natural resource management, public safety, and aerospace.
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. Since its inception in 1995, CIIRDF has:
- Engaged more than 1,000 participants in partnership development activities; this includes more than 400 industry leaders who actively contributed to R&D collaboration discussions;
- Processed more than 230 bilateral R&D applications; and
- Funded 110 projects engaging more than 200 companies from Canada and Israel.
These CIIRDF-supported Canada-Israel R&D partnerships 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.