These program aims to:

1. Improvement of quality and quantity of the joint R&D projects

2. Reflection of technology-development policy of both countries responding to the change of industry and technology  

3. Expansion of commercialization opportunity of technology cooperation

Important Dates

& Deadlines

Opening date:  January 29, 2024

Closing date:  April 15, 2024  (14:00 IST/ 18:00 KST)

Anticipated announcement date of Call for Proposal results:  July 2024 (Tentative)

Participants

Eligibility

R&D cooperation between two, unrelated companies, one registered in Korea and the other in Israel.

The companies should jointly apply for KORIL support.

Either company must not have more than 20% shareholding in the partnering company.

(The participation of Research institutes/universities is welcome according to the KORIL funding guidelines – as a subcontractor up to 20% of the total project budget).

-        Please read KORIL handbook for more instructions:

KORILGuideline & Forms

Eligibility Criteria for

Project proposal

All technology Sectors (except defence) 

·       A jointly developed technology or product(s) that shows considerable innovation.

·       The project should generate an obvious advantage and added value resulting from the technological cooperation between companies in Korea and Israel.

(New technologies, standardisation, prototyping, new or improves products, access to R&D infrastructure, etc.)

·       At least 30% of the actual R&D work must be done in Korea as well as in Israel.

·       Companies must have the ability to fund the supplementary portion of their project budget.

Types of Programs

Two types of projects will be considered for program funding:

1.     KORIL R&D Program

Focused on development of new products, processes, or technologies (TRL 4-6)

2.     Pilot Program

Supporting the piloting and commercialization of near-market technologies (e.g., TRL 6-8) with a beta site for the purpose of commercialization by 2 or more companies through joint piloting/ testing of the product with specific customers or global market.

Program Funding Support

1. KORIL R&D Program

·       Project duration up to 2 years (Max).

·       Fund up to US$ 3,000,000 per project or 30% to 50% of the total qualified project cost, whichever is lower.

·       Self-Funding Option[1]

2. Pilot Program

·       project duration not more than 1 year.

·       Fund up to US$ 1,000,000 per project or 30% to 50% of the total qualified project cost, whichever is lower.

·       Self-Funding Option – refer to the footnote.

Evaluation

Criteria

·       Hight Level of Innovation/Novelty

·       Potential for Commercialization Success

·       Technical and Financial Capabilities

·       Commercialization/Marketing Capability

·       Complementarity to each country/Company

·       Synergy Between Companies, relevant background

·       Reliability of the work and budget plan

Important note

1.     Israeli companies need to register to the IIA system (companies that applied for the IIA’s support previously, use the same user information) and upload the proposal.

2.     Please do not leave your submission to the last minute, KORIL-RDF will only accept proposals that were submitted on time. KORIL-RDF will not accept the proposals submitted after the given deadline.

3.     Please make sure that your partner company submitted the proposal on both platforms. KORIL-RDF will not be able to accept proposals submitted from only one side.

KORIL-RDF, Korea Office: 

Sooah Lee, Industry Analyst

- Tel: +82-2-2166-0814

- E-mail: sooahlee@koril.org

KORIL-RDF, Israel Office:

Hadar Zax- KORIL Fund Manager IL site

- Tel: +972-3-5118143

- E-mail: Hadar.Zax@innovationisrael.org.il