Current Affairs

‘I4Fund call for proposal’ website launched at India-Israel Business Summit

During the India-Israel Business Summit held in New Delhi, Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu launched the maiden call for joint R&D projects under the ‘India-Israel Industrial R&D and Technological Innovation Fund (I4F)’
‘I4Fund call for proposal’ website launched at India-Israel Business Summit
  • The ‘I4Fund Call for Proposal’ was announced with the joint launch of the website and the unveiling of the brochure by the two PMs.
  • The "India-Israel Industrial R&D and Technological Innovation Fund (I4F)" was announced in July 2017 during the PM’s visit to Israel.
  • Under this, the Department of Science and Technology, India and the National Innovation Authority of Israel have established a 40 million US dollar Fund.
  • A contribution of four million US Dollars for the Fund will be made by both India and Israel annually for five years.
  • The Innovation Fund will help to promote bilateral Industrial R&D and Innovation cooperation in the fields of science and technology. The fund will provide a great help in extending support to joint projects for innovative or technology-driven new or improved products, services or processes. These projects will lead to affordable technological innovations in focus areas of mutual interest such as water, agriculture, energy and digital technologies. 
  • Israel’s Prime Minister Benjamin Netanyahu is on a six days visit to India.

Test Yourself

What is the currency of Israel?Answer- Shekel

What is the official language of Israel?Answer- Hebrew

During which Olympics were Israeli sportspersons murdered?Answer- Munich 1972

Which accord was signed between Israel and PLO in 1993?Answer- Oslo Accord

Which sea is to the west of Israel?Answer- Mediterranean Sea
‘I4Fund call for proposal’ website launched at India-Israel Business Summit ‘I4Fund call for proposal’ website launched at India-Israel Business Summit Reviewed by Aman Bhatia on January 17, 2018 Rating: 5

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