At MIXiii: Merck signs cooperation agreement with Israel's Chief Scientist
May. 22, 2014
American pharmaceutical giant Merck (known in Israel as MSD) signed a cooperation agreement with the Chief Scientist of Israel, joining the ranks of numerous multinational corporations that have signed similar agreements with the Office of the Chief Scientist at the Ministry of Economy. Within the framework of the agreement, the Chief Scientist will assist Merck in identifying Israeli companies that are ripe for collaboration on joint technology projects.
Once Merck chooses to collaborate with one of the Israeli life science companies located through the agreement, the Chief Scientist will grant financial support for the R&D needed for the joint project while Merck will provide the same amount – either towards a financial investment in the company, or towards equipment development, personnel, technology and regulatory consulting, marketing etc. The intended result is that Merck will boost the Israeli economy and open more marketing channels overseas for Israeli companies.
During the MIXiii Innovation Conference, Chief Scientist Avi Hasson met with Sharon Alon, the CEO of MSD Israel, and the Director of Business Development in Europe and the Middle East, Jeroen Tonnaer to sign the agreement launching the collaboration between MSD and the Chief Scientist within the framework of the OCS’ global enterprise R&D cooperation program.