Israeli Nano Centers Receive New Funding Worth $230 Million

Donation matching model will strengthen Israel's leadership in nanotechnology R&D

SEPTEMBER 18, 2006 – The Israeli government will increase funding to university nanoscience and nanotechnology research centers to $82 million over the next 5 years to strengthen their R&D activities.

The new program provides 3-to-1 matching funds for all private donations to nanotech centers, effectively producing over $230 million in new funding through 2011. The program creates an innovative 'funding triangle' consisting of the source donor, the university and the Israeli government, where each contributor has explicit input over how matched funding will be used.

In addition to matching funds, the Israeli government will also provide over $8 million for nanotech-related equipment purchases and for advanced research projects in water treatment using nanotechnology.

The triangle donation matching program will give preference to research in areas considered to have the strongest potential for Israeli breakthroughs: nanomaterials, nanobiotechnology, nanoelectronics, and nanotech for applications in water treatment and alternative energy.

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