Ministers from both nations sign a deal to work together on significant developments like quantum computers and in fields including artificial intelligence, health, and the environment.
the nation of Israel and the UK signed a $2.1 million ($1.7 million) agreement on Wednesday to deepen their partnership and increase research cooperation in the domains of innovation and science with an emphasis on essential technologies.
Ofir Akunis, the Israeli minister of innovation, science, and technology, and George Freeman, his British counterpart, signed the agreement of collaboration in London. As part of the agreement, both nations would contribute a combined £1.7 million to support joint research initiatives in fields including artificial intelligence, health, and the environment as well as work together on the research and development of crucial technologies like quantum computing.
“Israel is referred to as the Startup Nation for a reason; thanks to its leading the way strategy for R&D, to its thriving biotech, cyber, space, and agricultural technology sectors, the nation is truly one of the world’s most innovative economies,” said Freeman. “Israel is recognized as the Start-up Nation.” In order to better recruit investment and boost the worldwide impact of UK technology as a component of our scientific superpower ambition, I prioritized Israel with Japan & Swiss as among the first of our R&D alliances.
Freeman explained that the partnership would bring together academics, researchers, businesses, and investors from the two countries.
The UK-Israel Innovative Mobility Scheme of Universities UK International, which supports UK-based researchers’ travel to Israel and collaborative research there, will receive the majority of the cash, or £1.1 million.
Around £600,000 will be set aside for the British-Israel quantum partnership, which is being coordinated by the UK nuclear energy Authority, to create novel quantum technology that could one day be made available on a commercial scale and serve as the foundation for quantum computing.
According to Akunis, “I think this signing will significantly contribute to the networking and technological and scientific cooperation between researchers and businessmen across numerous industries in both of our countries.” Our two nations have produced outstanding, cutting-edge technologies in numerous industries over the years.
He continued, “This cooperation will not only assist our academic communities but will also enhance our countries’ overall economies and security.
Eli Cohen, the foreign minister of Israel, and James Cleverly, the foreign secretary of the United Kingdom, signed a document in London earlier this year outlining the goals for their countries’ economic, security, and technological cooperation. It was decided to provide special attention to technical innovation as part of the 2030 Strategy for UK-Israeli relations, with almost £20 million of shared funding allocated in the agreement.
Just over a year after the UK exited the European Union, in November 2021, the process of defining the character of the bilateral connection began. When Yair Lapid and Liz Truss, the British foreign minister at the time, signed the memorandum of understanding, Lapid said it would result in a free trade pact, improved security cooperation, and cooperative development of high-tech ventures.
According to figures from the United Kingdom’s Department for Business and Trade, total trade in products and services among the UK & Israel earned £7.3 billions in the four quarters leading up to the end of the initial quarter of 2023, a rise of about 30% year over year.