Israels New National R&D Priorities in Food and Space Tech
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Israels New National R&D Priorities in Food and Space Tech

By CIOReview | Friday, September 16, 2022

Israel has identified food technologies, renewable energy, and space technologies among the top five new national priorities for significant investment over the next five years

FREMONT, CA: The top five new national objectives for investment over the next five years in Israel include food, renewable energy, and space technologies. Government funding for civilian research and development (R&D) endeavors is determined in accordance with the list of national priorities, with high-priority sectors receiving extra attention.

The Israel National Council for Research and Development chose fourteen areas, such as Bluetech, bio-convergence technologies applied in biology combined with engineerings such as electronics, computational biology, physics, nanotechnology, materials science, and more. The list includes semiconductors, smart cities, educational technology, waste management, and the circular economy.

The council chose fourteen areas based on the evaluation of several factors, including Israel's comparative advantages in a particular industry, strategic requirements as a developed nation, strength in R&D and position as a hub for global innovation, and whether the industry in question requires government assistance and has a scientific component.

Space Tech

Israel is also interested in developing commercial space technologies. The Ministry of Innovation, Science, and Technology will invest NIS 600 million (USD180 million) over the next five years to encourage the development of advanced technologies for the space industry. The initiative was unveiled as the space industry underwent a dramatic transformation in recent years, opening up to private investors, entrepreneurs, and governments. Most recently, this was demonstrated by the world's first private expedition to the International Space Station, which carried three private astronauts, including one Israeli, whose flight was entirely funded at the cost of about USD 50 million each.

The Israeli space company SpaceIL's Beresheet lunar lander mission in 2019 and its follow-up mission in 2024 are both regarded as being a part of the developing civilian space sector. Many intriguing space technology businesses are based in Israel, working on a method to manufacture the oxygen required for fuel from lunar dirt. Space is a business that develops supercomputing technologies for the space industry. Israel has a great opportunity as space is being shifted from the domain of governments to the domain of the commercial market.