<p class="title">Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu on Monday launched the maiden call for joint Research and Development projects under the 'India-Israel Industrial R&D and Technological Innovation Fund (I4F)'.</p>.<p class="bodytext">The two leaders' call came during India-Israel Business Summit in New Delhi. The two Premiers also launched a website and unveiled a brochure.</p>.<p class="bodytext">The "India-Israel Industrial R&D and Technological Innovation Fund (I4F)" was announced in July 2017 during Modi's visit to Tel Aviv and Jerusalem – the first by an Indian Prime Minister to the West Asian nation.</p>.<p class="bodytext">The Department of Science and Technology of the Government of India and the National Innovation Authority of Israel established a $40 million fund. India and Israel would make an annual contribution of $4 million each to the fund for five years.</p>.<p class="bodytext">Through this flagship bilateral programme in the field of science, technology and innovation, Indian and Israeli governments would extend support to research and development projects.</p>.<p class="bodytext">"This Fund will provide a comprehensive set of support tools to encourage joint projects that convert know-how into show-how," the Ministry of External Affairs stated.</p>
<p class="title">Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu on Monday launched the maiden call for joint Research and Development projects under the 'India-Israel Industrial R&D and Technological Innovation Fund (I4F)'.</p>.<p class="bodytext">The two leaders' call came during India-Israel Business Summit in New Delhi. The two Premiers also launched a website and unveiled a brochure.</p>.<p class="bodytext">The "India-Israel Industrial R&D and Technological Innovation Fund (I4F)" was announced in July 2017 during Modi's visit to Tel Aviv and Jerusalem – the first by an Indian Prime Minister to the West Asian nation.</p>.<p class="bodytext">The Department of Science and Technology of the Government of India and the National Innovation Authority of Israel established a $40 million fund. India and Israel would make an annual contribution of $4 million each to the fund for five years.</p>.<p class="bodytext">Through this flagship bilateral programme in the field of science, technology and innovation, Indian and Israeli governments would extend support to research and development projects.</p>.<p class="bodytext">"This Fund will provide a comprehensive set of support tools to encourage joint projects that convert know-how into show-how," the Ministry of External Affairs stated.</p>
