The State of Colorado signed a new industrial research and development (R&D) agreement with Israel, since it already had an agreement with Israel since 2010. Under the new agreement, Israeli companies will team with Coloradoan companies to co-develop and commercialize innovative products.
It must be noted that Colorado is among the list of 12 US states which cooperate with Israel on technology and R&D, including New York, Massachusetts, California, Florida etc. The goal of the new agreement is to establish a mechanism of cooperation with parallel funding for companies from both countries conducting joint research and development projects. The companies will receive financial support from both states. In Israel, support will be granted by the Office of the Chief Scientist at the Israeli Ministry of Economy and in Colorado participants will be supported through a new fund established by the State of Colorado to support the initiative.
