Israel signs tech deal with Brazil in push for Latin American ties

Israel and Brazil have signed an agreement to invest $5 million in technology cooperation and innovation over the next five years.

December 11, 2018 20:53
1 minute read.
The new Brasilian President Jair Bolsonaro

The new Brasilian President Jair Bolsonaro. (photo credit: REUTERS/PILAR OLIVARES)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


RIO DE JANEIRO - Israel and Brazil have signed an agreement to invest $5 million in technology cooperation and innovation over the next five years.

Israel has been reaching out to Latin American countries, with Prime Minister Benjamin Netanyahu visiting twice in less than a year. His wife, Sara, left Sunday for Guatemala at the invitation of Patricia Morales, the wife of the president. She is leading a Foreign Ministry delegation.

The memorandum of understanding between the Israeli government’s tech investment arm, the Israel Innovation Authority, and the Brazilian Agency for Industrial Research and Innovation was announced Monday.

“This agreement is an important first step in the path of technological cooperation, and we anticipate an increase in joint technology collaboration between Israel and Brazil in the coming years,” said Aharon Aharon, CEO of the Israeli Innovation Authority.

The program will support large-scale collaboration projects involving technology, the life sciences, energy and agriculture for up to 24 months, the Ctech news website reported.

“Investment in innovation and the allocation of resources for technological development are key to sustained economic growth, increased productivity and creating significant economic value,” Eli Cohen, Israel’s minister of economy and industry said.

The agreement will be deployed through a joint venture company to be funded by both parties aiming at improving the technological capabilities of companies, promoting activities in the industrial sector and facilitating specific projects, Exame magazine reported.

Israeli companies will be entitled to 12 months of support and may renew funding for a second year after reviewing project results.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Prime Minister Benjamin Netanyahu at a cabinet meeting
May 19, 2019
Cabinet cancels limit on number of ministers in next government