|Reza Moridi, left and Avi Hasson|
The cumulative investment in the program, which was renewed May 10, is $18 million, to which both countries, Canada and Israel, contributed half.
Advances by companies that have participated and worked together on various commercial power, water monitoring projects and ADD treatments have generated about $1 billion in total revenue.
"There's huge human potential in Ontario in every area," Ontario's Minister of Research and Innovation Reza Moridi said in a recent interview, and Avi Hasson, Israel's chief scientist in the Economy Ministry, agreed.
A report on the top R&D states and provinces in the United States and Canada ranked Ontario No. 7, while Toronto is North America's third-largest financial centre, behind Chicago and New York.
Kol Hakavod! The future is bright.