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EUREKA invested over 300 million euros in industrial initiatives over the past year
Date:6/29/2011

vision and goals. The Israeli economy and industry were reinforced by the Chairmanship of the Program and already we are seeing the results on the ground, and the overall positive impact of this year ".

Achievements of Israeli Chairmanship of EUREKA Year:

During the EUREKA meeting, EUREKA's decision-makers approved 29 innovative projects aimed at developing marketable products and solutions through the EUREKA program, totalling 39 million euros of investment. These projects add to more than 220 EUREKA and Eurostars - a joint initiative of EUREKA and the European Commission which supports small and medium-sized R&D intensive companies - projects that were approved since Israel took the leadership of EUREKA, totalling more than 300 million euros of private and public investment. 12 of the 29 projects approved this week have Israeli partners representing over 40% of the total. Remarkably, Israel is only one of 40 member countries in EUREKA but represents over one-quarter of the overall number of projects approved during the past year.

The EUREKA delegates gathered at four meetings during the course of the year held in several of Israel's major cities in order to promote industry, technology, R&D, and international cooperation through funding and partner-matching. These approved industrial projects match up partners from two or more member countries including small and medium-sized enterprises (SMEs), large industry, and research institutes. Projects can be launched in virtually all industry fields and technological areas IT, manufacturing, water technologies, communications, biotechnology and energy, among others. EUREKA initiatives look to meet challenges such as climate change, energy security, and limited water resources.

The second meeting of the Chairmanship year, held in February in Eilat in cooperation with the Eilat-Eilot Renewable Energy Conference, was focused on clean-tech, a technology sector that the Israeli
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Contact: Piotr Pogorzelski
piotr.pogorzelski@eurekanetwork.org
322-777-0979
EUREKA
Source:Eurekalert

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