Governor Asa Hutchinson and Arkansas Secretary of Commerce Mike Preston joined Chief Scientist and Chairman of the Israel Innovation Authority Dr. Ami Appelbaum and Israel’s Consul General this week in Southwest Livia Link-Raviv to sign a memorandum of understanding between the State of Arkansas and the Israel Innovation Authority.
Under this agreement, Arkansas and Israel will promote and support cooperation in technological innovation, research and development between businesses, corporations, research universities and other entities within their borders.
“This is a mutually beneficial partnership between two innovation leaders,” said Hutchinson. “The agreement builds on the momentum we have created over the past eight years to develop a technology-enabled workforce that can meet the needs of a 21st century economy. In addition, this agreement allows us to strengthen our relationship with a key ally of the United States.
“Israel is a country that has almost no water resources needed for agriculture and no traditional automotive industry, yet with a particularly successful ecosystem of technological innovation, we have created agro-technological and growing smart mobility that include hundreds of companies and startups that are among the leaders in their respective fields around the world,” said Dr. Appelbaum. “Collaboration between Israel and Arkansas in these and many other areas where there is mutually beneficial synergy will help further develop these areas and create solutions that can leave their mark on the world.”
Arkansas and Israel will share information on projects that will contribute to the development of economic and trade cooperation. By working together in the research and development of innovative products and processes, Arkansas and Israel can better leverage resources to develop new technologies that can be commercialized in global markets.
Livia Link-Raviv, Consul General of Israel in the Southwest, said: “It’s an exciting day as we cement our path together in building innovation ecosystems that will benefit Israelis in the future. and Arkansan. Last November, I had the honor of accompanying Governor Hutchinson, along with Secretary Preston, on a delegation to Israel where we met with President Appelbaum and discussed the full potential between our two nascent high-tech sectors. and innovation, and today’s signing of this Memorandum of Understanding is just the most recent fruit of this productive journey. »
The agreement builds on the current relationship between Arkansas and Israel. Over the past few years, Israel has been a strong trading partner with Arkansas. In 2021, trade between Israel and Arkansas was valued at nearly $104 million. Grant recipients in Arkansas from binational US-Israeli foundations include the Arkansas Children’s Research Institute, the National Center for Toxicological Research, and the University of Arkansas.
“Israel is one of the most business-friendly, innovative and forward-thinking places in the world, and the natural state also paves the way for the future of technological innovation,” Secretary Preston said. “Stimulating innovation and economic growth is a mutual concern for Arkansas and Israel, which makes this partnership a natural fit.”