Managed by OCE and Israel Innovation Authority through a partnership with Ontario’s Ministry of Research, Innovation and Science (MRIS), the program supports industry-led bilateral collaboration, including consortia comprised of small-to-medium enterprises (SMEs) and potentially, academic institutions to jointly develop industrial or collaborative R&D technologies responding to industry needs that will strengthen both Ontario and Israel’s technological expertise and enhance competitiveness. Each application must include at least one SME from Ontario, one SME from Israel, and one partnering Smart Mobility Corporation from Ontario. Ontario applicants are encouraged to collaborate with academic researchers.
Both jurisdictions have committed CAD 5M each over 5 years to support this initiative for a total of CAD 10M that will be matched by the participating SMEs. Ontario funds will be disbursed to successful Ontario SMEs by OCE. Successful SMEs from Israel will be funded separately by Israel Innovation Authority.