The agreement was signed as 17 Israeli high-tech firms spoke to British investors in London at Innovate Israel, which was part of the four-day Tel Aviv in London Festival.
Ambassador of Israel, H.E. Mark Regev, who was at the signing said: “I am delighted that the IATI has signed a new partnership with the IET”, adding that “the further strengthening of our economic relations enhances prosperity and creates good jobs in both Israel and the UK”.
The British Ambassador to Israel, H.E. David Quarrey, was also present at the signing.
Karin Mayer Rubinstein of the Israeli Advanced Technology Industries said the agreement would “help both sides locate mutual opportunities for new innovative tech training and education projects”. She underlined the importance of “the promotion of STEM education (science, technology, engineering and mathematics) on a national level”.
Nigel Fine of the Institute of Engineering and Technology added that there was “a huge amount of exciting innovation and insight coming from the Israeli technology industry”. He added: “This Memorandum of Understanding is a great way for us to strengthen our relationship with IATI and collaborate on some exciting projects that advance engineering and technology standards, knowledge and innovation”.
Chief Executive of UK Israel Business, Hugo Bieber, said: “In the last two years we have seen 57 Israeli companies create 1,700 jobs in the UK, investing £266 million in the British economy and events like Innovate Israel demonstrate to Israeli high-tech companies how important the UK can be for them”.