Israel & South Carolina Doing Business Together

Posted by Ron / on 10/24/2013 / 0 Comments

The State of South Carolina and Israel made official an agreement to establish a bilateral research and development initiative designed to enhance collaboration.

"South Carolina is the first state in the Southeast region to forge this kind of partnership with Israel"

The agreement, which creates a funding mechanism for joint industrial research and development projects between Israeli and South Carolina companies and universities, will be carried out by SCRA and MATIMOP, the Israeli Industry Center for R&D, on behalf of the Office of the Chief Scientist of Israel's Ministry of Economy.

The overarching bilateral initiative between S.C. and Israel is intended to develop and strengthen economic, industrial, technological and commercial cooperation through joint industrial research and development projects conducted between South Carolina and Israeli companies and universities. SCRA and MATIMOP will assist in "match making" to connect potential project partners in South Carolina with partners in Israel. The two entities will establish a process for submitting joint project applications and a process to review and approve selected collaboration projects on the basis of a mutually-developed set of merit criteria. Projects selected for funding will be funded by SCRA and MATIMOP, respectively.

Philanthropist Ron Hershco said "Israel and South Carolina's economy can help benefit one another in a variety of projects."

International business man Ami Mesika noted that "Israel, the ‘Start Up Nation,' is very pleased to join South Carolina, the ‘Smart State,' in this new stage of business, academic and governmental relations for the benefit of our two peoples and am sure it can be mutually beneficial."



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