The ‘I4Fund Call for Proposal’ was announced with the joint launch of the website and the unveiling of the brochure by the two PMs. This will lead to the joint development of affordable technological innovations in focus areas of mutual interest to address societal challenges in identified areas such as water, agriculture, energy and digital technologies.
The “India-Israel Industrial R&D and Technological Innovation Fund (I4F)” was announced in July, 2017 during the PM’s visit to Israel. Under this, the Department of Science and Technology, India and the National Innovation Authority of Israel have established a 40 million US dollar Fund.
India and Israel will make a contribution of four million US Dollars each for the Fund, annually for five years. The Innovation Fund shall promote bilateral Industrial R&D and Innovation cooperation in the fields of science and technology by extending support to joint projects for innovative or technology-driven new or improved products, services or processes. Such projects will lead to affordable technological innovations in focus areas of mutual interest such as water, agriculture, energy and digital technologies.