KORIL-RDF

About KORIL-RDF The Agreement on bilateral cooperation in private sector industrial research and development between Korea and Israel was signed on November 25, 1998. The Ministry of Trade, Industry & Energy(MOTIE) of Korea and the Israel Innovation Authority (IIA), Ministry of Economy and Industry of Israel are the Cooperating Authorities responsible for implementing this Agreement. In accordance with the Agreement, Korea-Israel Industrial R&D Foundation was incorporated in May 2001 by the governments of Korea and Israel. KORIL-RDF is charged with management of the joint R&D fund consisting of equal financial contributions by both governments totaling USD 4 million per year. Purpose of KORIL-RDF KORIL-RDF supports industrial R&D projects that lead to potential commercialization and contribute to the economic progress of the two countries; furthermore, to promote and encourage joint industrial R&D collaborations between firms in Korea and Israel. Partnerships between Israeli & K...