The research council of the Office of the Chief Scientist announced the financing of 17 new research and development projects, totaling NIS 40 million of investments. Budget cuts in the 2006 budget prevented the council from funding more projects. The council cited the financial effects of the war in Lebanon for over NIS 500 million NIS in reduced funding.
New projects to be funded are in the areas of electronics, communications, and biotech. Additionally, various international projects with Germany and France are to be financed.