Gov. Deval Patrick . Promoting job growth in both states
Photo: AP
$2M Israel-Mass. partnership unveiled
Deal designed to encourage development of collaborative projects in life sciences, clean energy, technology sectors
Massachusetts and Israel
have unveiled an agreement designed to encourage the development of collaborative projects in the life sciences, clean energy and technology sectors.
As part of the new Massachusetts-Israel Innovation Partnership, Massachusetts will commit nearly $1 million for Bay State companies that are engaged in industrial research and development projects with an identified Israeli partner company.
Economic Cooperation
Economic minister to North America says, 'When Israeli entrepreneurs look to globalize, they seek out places where there is an abundant workforce with higher education degrees'
In return, Israel's Office of the Chief Scientist will provide up to $1 million in matching dollars for the Israeli partner companies.
Gov. Deval Patrick said the deal will drive innovation and promote job growth in Massachusetts and Israel.
The administration said the deal was the result of Patrick's 10-day trade mission to Israel and the United Kingdom in March.
Massachusetts is the first state to enter into such an agreement with Israel.
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