India-Israel Initiative for Industrial R&D (i4RD)

The India-Israel Initiative for Industrial R&D (i4RD) is a bilateral funding program co-sponsored by the governments of India and Israel. Its primary aim is to support joint industrial R&D projects between companies from both countries to develop products or processes for commercialization in the global market. The initiative emphasizes innovation with global commercial applicability and focuses on areas such as renewable energy, water management, and affordable healthcare. The program provides financial support, with funding typically up to 50% of the R&D costs for both Indian and Israeli entities. The initiative is a cooperation platform between the Department of Science and Technology (DST), Government of India, and the Israel Innovation Authority (IIA), Government of Israel.