The Israel Innovation Authority announced their partnership with ST Engineering, a technology and engineering group. The goal is to connect ST Engineering with groundbreaking Israeli start-ups and innovations in the fields of Smart Mobility (Intelligent Transportation Systems and Autonomous Buses), Smart Security, and Smart Environment.
The partnership is part of the Innovation Authority’s Research and Development (R&D) Collaboration with Multinational Corporations (MNC) program. The program offers a unique framework for technological cooperation between MNCs and innovative Israeli companies.
As part of the agreement, the Israel Innovation Authority will support ST Engineering in identifying technological developments and scouting Israeli companies that fall within its sphere of activity. To support further development of specific technologies, the Israel Innovation Authority will provide funding for the Israeli startups, while ST Engineering will support the startups’ R&D, testbed, marketing, and other global activities.
Source: Press Release