Israel Appoints New Head for Government’s Technology Investment Arm
Israel’s Minister of Economy appointed KLA-Tencor executive to head the Israeli Innovation Authority
Meir Orbach | 14:35 11.09.2017
Israel's Minister of Economy and Industry Eli Cohen appointed Ami Appelbaum as chairman of the Israeli Innovation Authority, a role previously known as Chief Scientist of the Ministry of Economy and Industry, the Ministry announced Monday.
Also known as the Office of the Chief Scientist of the Ministry of Economy, the Israeli Innovation Authority is a government-funded organization directing governmental investments in technology research and development in Israel. It has an annual budget of over $450 million (1.6 billion shekels).
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Earlier this year, Mr. Cohen appointed Aharon Aharon, former head of Apple’s activity in Israel, to the role of CEO of the Israeli Innovation Authority.