New York state has a new agreement with Israel aimed at increasing collaboration on nanotechnology research.

Gov. Andrew Cuomo announced Wednesday that his administration has signed a memorandum of understanding with Israel that will expand technological and economic relations in nanotechnology, which involves manipulating matter on an atomic scale.

The agreement outlines collaboration between the College of Nanoscale Science and Engineering in Albany and the Israeli Lead Innovation and Commercialization Agency.

Cuomo says the agreement will enable billions of dollars in investments and new high-tech jobs in New York and Israel.