To encourage large companies to establish R&D centers in Israel’s periphery, while constantly striving to reduce the gap between these outlying areas and the country's center.
Who is the incentive program for?
- Large Israeli companies with a total sales turnover from their activities in Israel of more than USD 100 million (in the year prior to submitting the application) that wish to set up a development center in the periphery.
- The incentive program is suitable for companies stating that over 50% of the total products that will be produced as part of the program will be in Israel. Furthermore, the company’s R&D center will employ workers living in outlying areas in the rate not less than 40% of all employees in the first year of operations, 50% in the second year, and 60% in the third year.
What do you get?
A perennial approval of a conditional grant of 65%-75% of the approved R&D expenditures for an active R&D center in the periphery, for a period of two to three years.
Why should you apply for this incentive program?
Guaranteed budgetary support: The incentive program offers the company that transfers a significant portion of its operations from the center to the periphery, the certainty to get the budget for its activities for a period of up to three years.
Attractive financing model: The incentive program offers participation in the risks involved in the development process and the establishment of the center.
Contribution to fostering of the periphery: The participating companies serve as an economic engine and contribute to the fostering of innovation, as well as to the reduction of gaps between development areas and the center.
How to apply?
- Prior to application, please carefully read the complete list of conditions, as detailed on the Authority’s website.
- To join the incentive program and for further inquiries, please contact the Growth Division.
For additional information, please contact: