The Massachusetts Institute of Technology (MIT) launched its first Israeli seed fund in cooperation with Ben-Gurion University of the Negev on Sunday.

“We at BGU are excited and looking forward to tightening our collaboration with MIT faculty and students,” Faculty of Engineering Sciences dean Joseph Kost said.

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The fund will support early-stage collaborations between MIT researchers and their counterparts at BGU.

“The agreement we signed... will enable MIT and BGU to move forward in key areas of research important to both institutions” MIT-Israel faculty director Christine Ortiz said.

The fund was launched by the MIT International Science and Technology Initiative (MISTI) in Israel, which has provided internships and overseas placement for students since its inception in 2007.

Ortiz and MISTI MIT-Israel managing director David Dolev were in Israel as part of Massachusetts Governor Deval Patrick’s “Massachusetts-Israel Innovation Partnership Mission 2014” trade mission to Israel.

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