MATIMOP, Skolkovo deepen Israel-Russia start-up cooperation

MATIMOP, Skolkovo will shortly announce a call for papers for joint R&D project by Israeli and Russian start-ups.

Israeli Industry Center for R&D (MATIMOP) and Russias Skolkovo Foundation will shortly announce a call for papers for joint R&D project by Israeli and Russian start-ups to obtain support from Office of the Chief Scientist in Israel and the Skolkovo Foundation. Skolkovo Foundation VP Stanislav Naumov said, The difference between Russia and Israels entrepreneurial system required thinking together to find a formula for cooperation. The formula we reached enables us to move forward to the stage of extensive collaboration by ventures of the two countries. The special call for papers that we are publishing is another important stage in developing cooperation between Russia and Israel, which began a year ago with the fostering of innovation and the commercialization of advanced technologies.

Israel-Skolkovo Center co-managing director Alexander Zinigrad said, This is the first time that special binational collaboration for start-ups has been declared in Israel. This is an important measure, which gives a great boost to the cooperation that began in the summer of 2011 between the start-up industry in Israel and the Skolkovo Foundation. Since the establishment of the Israel-Skolkovo Center, we have received scores of inquiries from Israeli start-up companies every month. Within less than a year, we have assisted six Israeli start-up companies at Skolkovo."

Two Israeli start-ups Indoorgo Navigation Systems Ltd., which is developing navigation systems within buildings, and Inango Systems Ltd., which is developing appstore applications for the smart home, are already operating at Skolkovo, outside Moscow. Zinigrad added, Indoorgo has already obtained a $1 million grant from the Skolkovo Foundation. Four additional companies, which are receiving assistance from the Israel-Skolkovo Center, are undergoing reviews by Skolkovo experts."

Published by Globes [online], Israel business news - www.globes-online.com - on May 24, 2012

Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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