(photo credit: Wikipedia Commons)
The Chief Scientist’s Office and the State of Massachusetts have signed an
agreement to encourage collaboration between Israeli and Massachusetts hitech,
life-sciences and clean-tech companies. The Chief Scientist’s Office and three
Massachusetts agencies – Massachusetts Technology Collaborative, Massachusetts
Life Sciences Center and Massachusetts Clean Energy Center – will finance the
joint ventures in equal shares, each in its respective field. The centers will
publish calls for papers for ventures that the Chief Scientist’s Office will
coordinate in Israel.
The budget for the first call for papers is $2
million, but it may be increased.
In June, Massachusetts
Deval Patrick, Chief Scientist Avi Hasson and the US Israel Science
Technology Foundation (USISTF) launched the Massachusetts Israel Innovation
Massachusetts also set up a trade office in Israel, run by
Hadas Bar-Or, a former manager of the Israeli Industry Center for
Massachusetts is one of the main hi-tech centers in the United
States, and many Israeli researchers go the state’s universities and often join
About 100 companies in the Boston area have been founded
by Israelis or are based on Israeli technologies, the USISTF said. In 2009,
these companies generated $2.4 billion in revenue and 6,000 jobs. The figures
are sometimes cited as examples of Israel’s brain drain, but in this case they
are presented as a foundation for collaboration.