Israel and Brazil Sign R&D Collaboration Agreement

The Israeli government's tech investment arm, the Israel Innovation Authority, has announced on Monday a memorandum of understanding with the Brazilian Agency for Industrial Research and Innovation (EMBRAPII). The two will advance Israeli-Brazilian collaboration on technological innovation and industrial research and development.

The joint venture will have a budget of $5 million over five years, to be financed by both countries. The program will support large-scale collaboration projects in the fields of Internet of Things, life sciences, energy, and agriculture for up to 24 months