TORONTO, ONTARIO--(Marketwired - Apr 26, 2013) - The Honourable Joe Oliver, Canada's Minister of Natural Resources, and the Honourable Gary Goodyear, Minister of State for Science and Technology and Minister responsible for the Federal Economic Development Agency for Southern Ontario, joined Dr. Henri Rothschild, President of the Canada-Israel Industrial R&D Foundation (CIIRDF), to announce a call for research and development proposals under the Canada-Israel Energy Science and Technology Fund (CIEST Fund).
"Our Government encourages the development of innovative energy technologies and processes, enabling the responsible development of unconventional oil and gas resources," said Minister Oliver. "These projects will help create jobs, protect the environment and strengthen the economies of both Canada and Israel."
"The CIEST Fund will identify Canada-Israel opportunities for research cooperation that apply Israeli world leadership in enabling technologies with Canadian expertise and innovation needs of the energy sector," said Dr. Rothschild. "Selected projects will directly address key challenges facing Canada's energy industry and apply this combined know-how to improve the efficiency and sustainability of this sector."
Eligible projects will be led by industry and may include academic partners in both countries.
"This partnership will support the creation of cutting-edge research," said Minister Goodyear. "CIEST will leverage science and technology expertise in Canada and Israel, resulting in economic advantages for both countries."
Earlier this year, Natural Resources Canada announced $5 million over the next three years through its ecoENERGY Innovation Initiative to support the fund. The Government of Israel will provide funds on a project-by-project basis to initiatives under this program for collaborative R&D in areas of shared priority. The Government's $5-million contribution will generate between $20 and $40 million worth of collaborative research from Israeli academic, business and provincial partners, a leverage of four to eight fold.
The Natural Sciences and Engineering Research Council of Canada (NSERC) will fund eligible Canadian academic components of selected CIEST Fund projects (researchers from universities and colleges) in partnership with Canadian industry through Collaborative Research and Development (CRD) and Applied Research and Development (ARD) grants.
During the event, Minister Oliver also announced that he will be travelling to Israel next week. While in Israel, Minister Oliver will meet with senior Israeli government officials and leading Israeli business leaders and policy experts to further explore trade and investment opportunities between the two countries. The Harper Government remains committed to strengthening bilateral ties with Israel, advancing Canada's energy interests and contributing to Canada's long-term economic prosperity.
The following media backgrounder is available at http://www.nrcan.gc.ca/media:
Canada-Israel Energy Science and Technology Fund
NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media