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BT joins Chief Scientist R&D program

British telecommunications giant BT Group plc (LSE; NYSE: BT) is joining the Office of the Chief Scientist’s corporation R&D cooperation program. Chief Scientist Dr. Eli Opper and BT R&D director Mike Galvin today signed the cooperation agreement.

Minister of Industry, Trade and Labor Benjamin Ben-Eliezer said, “Activity of multinational corporations in Israel makes a strong contribution both to Israeli industrial exports and to job growth by creating broader employment circles than low technology industries and services.”

Opper said that BT Group was the first British company to join the corporation R&D cooperation program following companies from the US, Germany, France, and Denmark.

Opper added, “The Office of the Chief Scientist corporate R&D cooperation program has become the preferred program for many multinationals for carrying out joint projects with innovative Israeli companies.” Galvin said, “The quality of technology developed in Israel is especially high, and for this reason BT sees great value in cooperating with Israeli companies.”

Our law firm has advised BT on this deal.

Published by Globes [online], Israel business news