On Thursday, Adani Enterprises, the business incubation arm of the Adani Group, announced that it had signed a Memorandum of Understanding (MoU) with the Israel Innovation Authority (IIA) for collaboration in technological innovation.
Adani arms will have access to innovative technology solutions created by Israeli start-ups through the creation of a ‘new innovation platform’ that will support selected innovation projects. It is a government-funded agency that oversees Israel’s innovation policy. To maintain technological and economic leadership and to improve productivity and competitiveness in the international arena, the IIA provides conditional grants to support disruptive technological innovations. It will also create the groundwork and infrastructure to prepare for the future.
From climate change to agriculture to cyber, the Internet of Things, 5G, and more, this alliance includes almost all core businesses of the Adani Group. As a result of the partnership, Adani Group expects to enhance its capabilities, technology leadership, resources, and worldwide presence.
A press release said, “The Adani Group will screen and select Israeli start-ups and other innovative companies developing new and exciting solutions in the tech space. Approved projects will then be assisted by the Adani Group and supported by the Israel Innovation Authority.”