Ontario-Israel collaboration gets 5-year renewal

Reza Moridi, left and Avi Hasson

History has been made with Ontario and Israel celebrating a 10-year collaboration in developing innovations in the field of life sciences, medical devices, clean tech and telecom.

The cumulative investment in the program, which was renewed May 10, is $18 million, to which both countries, Canada and Israel, contributed half.

Advances by companies that have participated and worked together on various commercial power, water monitoring projects and ADD treatments have generated about $1 billion in total revenue.

"There's huge human potential in Ontario in every area," Ontario's Minister of Research and Innovation Reza Moridi said in a recent interview, and Avi Hasson, Israel's chief scientist in the Economy Ministry, agreed.

A report on the top R&D states and provinces in the United States and Canada ranked Ontario No. 7, while Toronto is North America's third-largest financial centre, behind Chicago and New York.

Kol Hakavod! The future is bright.