ISERD is an inter-ministerial directorate, established by the Ministry of Industry, Trade and Labor, the Ministry of Science and Technology, the Planning and Budgeting Committee of the Council for Higher Education, the Ministry of Finance and the Ministry of Foreign Affairs. ISERD was established to implement the RTD cooperation between the EU and Israel. This cooperation is based on a formal association agreement. ISERD aims at promoting joint Israeli-EU R&D ventures within the EU‟s R&D Framework Program and plays a vital role in future policy and collaborative efforts concerning RTD programs between the EU and Israel. ISERD, operating through the Office of the Chief Scientist of the Ministry of Industry Trade & Labor, is Israel‟s official National Contact Point (NCP) with the EU for all the activities of FP.
ISERD coordinates the activities of Israel‟s delegates to the various programme committees managing FP7. ISERD records, conducts follow-up efforts and reports on the Israeli participation in the EU RTD programs to Israel‟s policy-making bodies and government institutions. ISERD actively, enhances industrial cooperation, promotes partnership searches and provides advice and guidance to Israel‟s RTD community in industry and research institutions. ISERD actively disseminates information and works to raise awareness within Israel through the organization of events such as seminars, conferences and info days and publishes information on the web as well as via newsletters and articles in specialized magazines. ISERD has taken part to the Inco-NET MIRA Project as partner.