Question : Experts from India and Israel has recently(January 2022) suggested expanding scope of I4F. Accordingly, I4F stands for —
a. India-Israel Industrial R&D & Technological Innovation Fund
b. India-Israel Industrial R&D & Technological Innovation Foundation
c. India-Israel Industrial R&D & Technological Integrated Fund
d. None of the above
Ans. a.
Related facts —
- Experts from India and Israel has recently(January 2022) suggested expanding scope of I4F.
- Both countries approved 3 joint R&D projects worth 5.5 million $ and suggested measures to create a broader India-Israel collaborative ecosystem.
- I4F stands for — India-Israel Industrial R&D & Technological Innovation Fund.
- It is actually a cooperation between the Department of Science and Technology (DST), Government of India, and the Israel Innovation Authority, Government of Israel to promote, facilitate and support joint industrial R&D projects between companies from India and Israel to address the challenges in the agreed ‘Focus Sectors’.
- Objectives —
- It is aimed to promote, facilitate and support joint industrial R&D between India & Israel, which would lead to the co-development and commercialization of innovative technologies benefiting both countries.
- Global Innovation & Technology Alliance (GITA) is appointed to implement the I4F program in India, while Israel Innovation Authority is the implementing agency in Israel.
By – Pankaj Pandey
Link:
https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1790952