Israel to head 'Eureka' R&D project

Israel, which was accepted as full member in 2000, contributes more than 10% of the total number of new projects developed each year. This is the first time that Israel has been chosen to lead the project.

The leadership committee of the European research and development project "Eureka" confirmed on Wednesday that Israel has been selected to lead the project from 2010-2011, the Ministry of Industry, Trade and Labor said. Eureka is the world's largest industrial R&D project, with the participation of 36 European countries. Its goal is to initiate new joint R&D projects among participating countries. According to Eureka officials, the project is responsible for hundreds of new initiatives a year, worth over EU1.5 billion. Israel, which was accepted as full member in 2000, contributes more than 10% of the total number of new projects developed each year. This is the first time that Israel has been chosen to lead the project.