British telecommunications giant BT Group plc (LSE; NYSE: BT) is joining the Office of the Chief Scientist's corporation R&D cooperation program. Chief Scientist Dr. Eli Opper and BT R&D director Mike Galvin today signed the cooperation
Minister of Industry, Trade and Labor Benjamin Ben-Eliezer said, "Activity of multinational corporations in Israel makes a strong contribution both to Israeli industrial exports and to job growth by creating broader employment circles than low technology industries and services."
Opper said that BT Group was the first British company to join the corporation R&D cooperation program following companies from the US, Germany, France, and Denmark. The Office of the Chief Scientist has signed 15 R&D cooperation agreements, including with Intel Corporation (Nasdaq: INTC), IBM Corporation (NYSE: IBM), Oracle Corporation (Nasdaq: ORCL), Hewlett Packard Co. (NYSE:HPQ), Microsoft Corporation (Nasdaq: MSFT), General Electric Company (NYSE: GE), Alcatel-Lucent (NYSE; Euronext:ALU), Deutsche Telekom AG (XETRA: DTE; NYSE: DT), Germany's Merck KgaA (XETRA: MRK), The Coca-Cola Company (NYSE: KO), and the Renault Nissan Alliance.
Opper added, "The Office of the Chief Scientist corporate R&D cooperation program has become the preferred program for many multinationals for carrying out joint projects with innovative Israeli companies."
Galvin said, "The quality of technology developed in Israel is especially high, and for this reason BT sees great value in cooperating with Israeli companies."
Published by Globes [online], Israel business news - www.globes-online.com - on January 25, 2010
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