The Ontario-Israel Research Network Program–MAGNET (OIRNP-MAGNET) promotes bilateral collaboration to develop and demonstrate technological solutions. This program is facilitated through an agreement between Ontario and Israel as a partnership between Ontario Centres of Excellence (OCE) and the Israel Innovation Authority (IIA).
For the current round, projects will focus on Smart Mobility technologies, developing solutions to challenges identified by anchor firms within the Smart Mobility sector.
Managed by OCE and IIA and funded through a partnership with Ontario’s Ministry of Economic Development, Job Creation and Trade, the program supports industry-led collaboration, including consortia comprised of small and medium-sized enterprises (SMEs) and, potentially, publicly-funded post-secondary institutions to jointly develop industrial or collaborative R&D technologies that meet industry needs and strengthen both Ontario and Israel’s technological expertise while enhancing competitiveness.
Both jurisdictions have committed CAD $5M each over five years to support this initiative. The CAD $10M will be matched in cash by the participating SMEs. Ontario funds will be disbursed to successful Ontario SMEs by OCE. Successful SMEs from Israel will be funded separately by IIA. More details on the OIRNP-MAGNET program