The Israel Innovation Authority, in charge of fostering the nation’s tech ecosystem, has signed an agreement with an Italian unit of multinational automaker Stellantis NV to cooperate in technological innovation that will help grow Israeli firms and boost the firm’s tech prowess.
The agreement is part of the Israel Innovation Authority’s R&D and Pilot Collaboration with Multinational Corporations (MNC) Program.
If any of the technologies pinpointed prove to be interesting to the Italians for further development, the Israel Innovation Authority will provide funding for the Israeli startups, while Stellantis will support the startups’ R&D, marketing and other global activities.