Governor Dannel P. Malloy announced today at the MetroHartford Alliance's "Rising Star Breakfast" that the state Department of Economic and Community Development (DECD) and the Israel Tech Transfer Organization (ITTN) have entered into a Memorandum of Understanding (MoU), the first step in laying the foundation for better and more productive economic and research collaborations between Connecticut and Israeli businesses, research institutions and universities.
"In order to solidify our long-term economic growth, we must also increase our global competitiveness by partnering with innovative companies and industries outside of our traditional domestic market," said Governor Malloy. "We are making sure that industry leaders all over the world recognize what we have to offer here in Connecticut and letting them know our state is a great place to enter or expand in the North American market. This exciting collaboration between DECD and ITTN will allow Connecticut companies to expand their capacity for research and development of new products and technologies while bringing additional investment and economic activity to our state."