Four companies each from India and Israel will receive the first round of the India Israel Innovation India-Israel Industrial R&D and Technological Innovation Fund (I4F). The companies will co-create affordable technologies in the area of agriculture, healthcare, energy, water and Information and Communication Technology (ICT).

This is part of the $40-million fund under I4F, with equal contribution from India and Israel, for a period of five years to promote, facilitate and support joint R&D between the two countries.

In the healthcare space Appasamy Ocular Devices Pvt Ltd from India and Sanoculis from Israel will collaborate to create an affordable technology solution for treatment of glaucoma. While the Israeli company already has the technology, it will collaborate with the Indian company to create an affordable solution.

Sivagnanam Subbiah, General Manager, Appasamy Ocular Devices, said the company would be granted funding of Rs 1.4 crore for a period of two years till 2020. Other awardees include Frog Cellsat (India), Uniqam (Israel), Vyoda (India), Agrosolar and Energy Efficient Services (India) and Bacsoft (Israel).

The second funding call for collaboration will be launched in August and will open till November 2018.

Speaking at the Industrial R&D and Technological Innovation Conclave organised by the Confederation of Indian Industry, Department of Science and Technology and Israel Innovation Authority, Amiram Appelbaum, Chairman, Israel Innovation Authority, Government of Israel, said the collaboration is necessary even if Israeli companies already have the technology. Necessity had pushed Israel to innovate and stay ahead of the curve in terms of technology in various sectors such as defence, cybersecurity, healthcare and agriculture.

“But multiple adaptions need to be done before technology from one country can be implemented into another,” Appelbaum said. This is where the two countries can work together and come up with innovative solutions, he added.

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