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Europe's R&D leaders assembled in Eilat agree to invest $46 million in joint R&D initiatives
Date:3/1/2011

February 27, 2011 Eilat, Israel Assembled in Eilat in southern Israel for the second event held in Israel under the Israeli EUREKA Chairmanship, EUREKA's High Level Group Representatives and National Project Coordinators approved a series of promising cooperative R&D projects in several fields, including renewable energy, agrofood technology, biotechnology, physical and exact sciences, IT and electronics, industrial manufacturing, and more.

During the EUREKA meeting, held in parallel to and in cooperation with the 2011 Eilat-Eilot Renewable Energy Conference, EUREKA's decision-makers approved 25 viable technologies and products through the EUREKA programme, totalling 33 million euro of investment. Six of the 25 projects approved under EUREKA's individual projects programme have Israeli partners representing almost 25% of the total. Remarkably, Israel is only one of 40 member countries in EUREKA but represents just under one-quarter of the individual project proposals approved during this meeting.

These projects add to more than 150 EUREKA and Eurostars projects already approved since Israel took the leadership of EUREKA, totalling more than 150 million euro of private and public investment. Altogether Israeli companies take part in nearly 15% of all EUREKA and Eurostars projects, which support small and medium sized companies.

EUREKA currently has over 100 active clean-tech projects, at a cost of just under 200 million Euro. In the spirit of promoting further innovation in clean technology, during the event EUREKA marked the launch of its new EUREKA Clean-Tech Action, a campaign focused on generating cooperative industrial R&D projects in the cleantech sector.

Israeli NPC (National Project Coordinators) Chairman Israel Shamay comments: "When launching the EUREKA Clean-Tech Action, we set a very ambitious goal to mobilize all available EUREKA instruments in order to generate and support clean-tech projects. The fact is that
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Contact: Piotr Pogorzelski
piotr.pogorzelski@eurekanetwork.org
322-777-0979
EUREKA
Source:Eurekalert

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