Summary:

Program Description

The Innovation Authority invites relevant corporations (including non-profits, academic institutions, commercialization companies, medical institutions, incubators and business entities) to submit applications for support of innovative programs aimed at training for entrepreneurship in the fields of bio convergence, as well as in the fields of chips and quantum: 

• The programs must include practical experience in the entrepreneurial process, such as research and conceptual thinking, exposure to industry challenges, validation of the idea and its maturation using all the tools that will be learned in the program, experience in teamwork and a final presentation in front of an audience and investors. Development of practical ideas/projects. Preference will be given to programs that will work for the registration of companies, assistance in examining intellectual property, raising private or public initial capital, and partnerships with Israeli or multinational companies. 
• In the field of bio convergence, the submitters are required to produce multidisciplinary programs that connect people from the life sciences (such as biology, biochemistry and biotechnology) and people from engineering, computer science, etc., in order to establish multidisciplinary teams that can lead new ideas into independent ventures with great market potential. 
• In the field of Semiconductors and Quantum computing, all participants in the program must have significant relevant experience from industry and/or academia.

Designated Audience

• Non-profit organizations, public bodies, and NGOs – With experience in theoretical and practical training or employment support in technological fields. 
• Companies, training institutions, or academic bodies – With relevant experience and an interest in training suitable candidates. 

Finance 

A program with a requested budget of up to a total of 1,000,000 NIS will be granted a grant of 70% of the approved budget, according to the decision of the Research Committee.   

A program whose requested budget exceeds a total of 1,000,000 NIS and up to 5,000,000 NIS will be granted a grant of 50% of the approved budget, according to the decision of the Research Committee.   

*Applications will be submitted for 12/24/36 months.   

Criteria

Eligibility 

The application and the applicant must meet all the following eligibility requirements: All eligibility requirements must be met at the time of applying and throughout the entire execution period of the approved program. Failure to meet one of the following eligibility requirements will result in the rejection of the entire application or the cancellation of the approved program: 

• The applicant is a corporation that is duly incorporated and registered in Israel and operates under the laws of the State of Israel.   
• If the applicant is a non-profit organization or a public benefit company (Public Benefit Company), it has a valid certificate from the Registrar of Associations on proper management, or if less than two years have passed since the date of its commencement of activity, a certificate of submission of documents. Notwithstanding the above, an applicant that is a non-profit organization or a Public Benefit Company, which does not have a certificate of proper management or a certificate of submission of documents as aforesaid, as the case may be, at the time of applying, may present such a certificate until the date of signing the budget sheet and undertaking per the incentive track. 
• The application is intended to address one or more of the challenges in developing skilled human capital for the knowledge-intensive industry in Israel, as defined in section 2.3 of the incentive track.
• No financial assistance has been received to carry out the project, subject to the application, from a governmental entity or the Innovation Authority, directly or indirectly, other than per the provisions of the incentive track. 
• The applicant does not have restricted accounts and is not in the process of receivership, stay of proceedings, liquidation, etc. 
• The applicant and its controlling shareholders meet the requirements of the Regulations for the Encouragement of Research and Development in Industry (Conditioning of Approvals – Minimum Wage), 2011. The criteria as detailed in the incentive track. 

Application Process

For further information on the requirements and application process for this program, please refer to the Israel Innovation Authority’s Hebrew site.

Note: 

The Innovation Authority reserves the sole discretion to change any of the dates listed in this call for proposals, by a notice to be published on the Authority’s website – on the call for proposals page, including postponing any of the dates, as long as it has not yet passed.  

It is the responsibility of the proposers to update from time to time the Innovation Authority’s website, regarding date postponements, or updates, changes, notices, or clarifications that will be in connection with the competitive process.