Lithuanian – Israel Bilateral Cooperation

The Agreement between the Government of the Republic of Lithuania and the Government of the State of Israel on bilateral cooperation in private sector in industrial R&D was signed in 2010. According to this Agreement, both countries committed to undertake a sustained effort to promote, facilitate and support joint industrial R&D projects between businesses, corporations or entities from the two countries leading to commercialization in the global market. MATIMOP and Lithuanian Agency for Science, Innovation and Technology (MITA) have been nominated as implementing bodies from each side.

The main objectives of this Agreement are to promote the activities of both countries respective private sectors to intensify bilateral industrial R&D cooperation; to facilitate the identification of specific projects, partnerships or collaborations between entities from Lithuania and from Israel that could lead to industrial R&D cooperation; to coordinate and focus suitable government resources and programs to support industrial cooperation and commercial exploitation of R&D projects results; to give expression to the initiative by establishing a framework for financial support under which the Parties shall support jointly approved Industrial R&D cooperation projects between entities from the two countries leading to commercialization in the global market; to facilitate access to financial support for the agreed upon joint Industrial R&D cooperation Projects bewteen entities from the two countries.

Last updated: 09-09-2020