CURRENT AFFAIRS

Detailed explanation-1: -The Bilateral Innovation Agreement (BIA) between India and Israel aims at promoting innovation and accelerated Research and Development in startups and Micro, Small, and Medium Enterprises MSMEs of both nations for the development of dual-use technologies.

Detailed explanation-2: -Funding: The development efforts will be jointly funded by DRDO and DDR&D, Israel. Key Objective: Bilateral Innovation Agreement (BIA) aims to promote innovation and accelerated R&D in startups and MSMEs of both countries for the development of dual-use technologies.

Detailed explanation-3: -The MoD stated that both countries will work together in the fields of robotics, artificial intelligence (AI), quantum technology, photonics, drones and biosensing. India and Israel will also work in the areas such as brain-machine interface (BMI), energy storage, wearable devices and natural language processing.

Detailed explanation-4: -DRDO & Directorate of Defence R&D, Israel sign Bilateral Innovation Agreement for development of dual use technologies.