CIIRDF Announces New Bilateral Technology Projects Valued at $12 Million

Canada-Israel Industrial Research & Development FoundationFinanceCIIRDF Announces New Bilateral Technology Projects Valued at $12 Million
11 May 2018
11 May 2018 Posted by tomoko Finance 889 Comments

The Canada-Israel Industrial Research and Development Foundation (CIIRDF) today announced eight new bilateral R&D projects valued at almost $12 million that will help Canadian and Israeli firms compete in global markets.

Leveraging $4.7 million from CIIRDF, the projects bring together 20 Canadian and Israeli technology companies and research partners to create and commercialize new technologies with application in agriculture, energy, aerospace, and communications technologies.

Once commercialized, the emerging innovations are expected to generate downstream sales for partnering firms, and deliver significant return on this investment.  This will drive the creation of new high-quality jobs, spin-off products, services and applications, and long-term economic benefit to both Canada and Israel.

To learn more, download the complete CIIRDF Press Release and Project Backgrounder

For additional information, please contact:

Sonya Shorey
Communication Strategist
CIIRDF
Cell: 613.851.9416
sonyashorey@ciirdf.ca

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    6 2016 CIIRDF Impact Report CIIRDF was founded on a powerful vision. It is one that was based on a premise that science and technology (S T) are major engines of economic growth, and that bilateral collaboration in new technologies are mutually beneficial, reinforcing overall economic ties between countries. This impact report demonstrates how CIIRDF has validated this premise, and realized this vision for the benefit of Canada and Israel. It is a vision that continues to guide us today. In fact, with S T more economically relevant now than 20 years back, programs such as CIIRDF have become even more important. Our specific goal is still to provide value to both countries.The CIIRDF program adds a key element to Canada-Israel bilateral relations that directly addresses the self-interest of each nation. Mutual benefit is a hallmark of our CIIRDF platform. It underpins every technology partnership we support. The success of programs such as CIIRDF is sometimes difficult to measure. It is important not to be lured by the promise of fast metric-producing results. This is not to say that we have not delivered hard evidence. This report aims to demonstrate that real value comes in many different forms – many of which are presented in the success stories featured in this report. I am pleased to have the opportunity to discuss them in this letter. In the area of Internet technology, the project that brought together Israel’s Altair Semiconductor and Canada’s SiGe Semiconductor delivered important financial results to SiGe. This includes annual revenues valued in the tens of millions of dollars. It also served as a key factor in its acquisition – a deal valued at almost $300 million. This acquisition consolidated company growth in Canada, along with scores of good jobs and exciting global market prospects. In the important area of medical technologies, the project engaging Quanser of Canada and Simbionix of Israel also produced tangible outcomes. As a result of the project, Quanser has almost doubled its labor force, and rapidly expanded its global market outreach across 80 countries. Through this CIIRDF project, Simbionix has generated a 20 percent increase in overall sales every year since its launch. The critical area of food production increasingly benefits from multidisciplinary applications that combine computational biology, genetics and other scientific fields. A CIIRDF project brought together Crop Production Services or CPS (initially through the Saskatchewan Wheat Pool and Viterra) and Evogene, an Israeli leader in plant Letter from the President Henri Rothschild, PhD President CIIRDF