The Israeli Innovation Authority (IIA) has requested Israeli and foreign companies and capital funds to submit concession proposals to operate new technology incubators. The three award-winning concessionaires focus on high-risk areas such as bioconvergence, food tech, ag tech and climate tech.
Winners have the right to operate the Technology Incubator for up to 5 years and can extend it for an additional 3 years. In the meantime, a grant from the IIA, which covers 85% of the approved budget, will enable early utilization of new technology investments. Concessionaires can also obtain grants of up to 2 million NIS ($ 600,000) to purchase equipment for the Central Laboratory. Dr. Ami Aperbaum and Anya Erdan. Photo: IIA
“The Technology Incubators 2020 Incentive Program is designed to facilitate investment in early-stage pre-seed and seed technology ventures through incubators that offer a variety of support and support systems, along with advanced value.” Dr. AmiAppelbaum said, IIA President. The program aims to accelerate the transformation of innovative technology ideas in the early stages of development into start-ups that can raise private capital investment. Challenges facing local and global economies, as well as Israeli industry seeking to maintain global leadership. ”
Anya Eldan, VP of IIA and Head of Startups, said: “The incubators of choice will develop and facilitate technology projects from a variety of sources, with particular emphasis on additional budgets for commercializing know-how from Israeli and foreign research institutes. Companies, entrepreneurs, innovations. For the benefit of the entire incubator ecosystem, including start-ups with targeted and disruptive technology and large market potential. “
The IIA is the Israeli Government’s technology investment arm, an independent body responsible for promoting innovation and economic growth. With a budget of approximately 2.25 billion NIS ($ 700 million) in 2020, the grant was distributed to 1,600 new startups in all technology sectors and product development stages. Companies that consider themselves eligible can see the applicant’s threshold conditions that can be found on the IIA website. You must apply by September 30, 2021.
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