CNH INDUSTRIAL SIGNS COOPERATION AGREEMENT WITH ISRAEL INNOVATION AUTHORITY
Jerusalem, Israel, December 21, 2021
The Israel Innovation Authority announces the signing of an agreement with CNH Industrial, as part of the Authority's R&D and Pilot Collaboration with multinational corporations (MNC) program. This program foresees industrial collaboration between a set of Israeli technology companies and CNH Industrial, a global leader in the capital goods sector.
As part of this agreement, the Israel Innovation Authority will support CNH Industrial in identifying Israeli technological developments and companies that fall within its sphere of activity. Upon CNH Industrial's interest in seeking further development of such technologies, the Israel Innovation Authority will provide funding for the Israeli startups, while CNH Industrial would in turn support the startups’ R&D, marketing and other global activities, providing opportunities to access international markets.
With over 64,000 employees in some 180 markets, CNH Industrial operates 57 R&D centers globally. The Company is committed to innovating at the highest levels to lead in all of the sectors in which it operates. From continuously advancing its suite of applications to increase efficiency throughout all product operations to the production of sustainable mobility solutions that are progressively working towards zero emissions, the Company spearheads holistic technological development across agriculture, construction and transportation.
Dr. Ami Applebaum, Chairperson of the Israel Innovation Authority, said, “This agreement between CNH Industrial and the Israel Innovation Authority is a vote of confidence in the Israeli startup ecosystem and its ability to provide cutting edge solutions to meet the various challenges of our time. Collaboration between CNH Industrial and Israeli companies will benefit from Israel's prowess and experience with technological innovations and lead to the development of cutting-edge technologies in a variety of fields. This collaboration emphasizes Israel’s role at the forefront of innovation, which in turn attracts international attention in many leading fields.”
“This agreement is a natural step for our initiative to bring the Israeli innovative ecosystem closer to CNH Industrial. Along the years, we were pleased to see the growing interest in the Israeli companies in different areas and the connections it created. It will help facilitate this process and bring CNH Industrial even closer to Israel and I hope will prove to be a trigger for strategic projects with Israeli companies in the future,” said Jonathan Hadar, Minister, Israel Economic&Trade Mission to Italy.
First established in 2005, the Israel Innovation Authority’s program offers a unique framework for technological cooperation between MNCs and innovative Israeli companies.