The work process in the preparatory incentive program includes two phases:
– Examination of the capabilities and the existing products in the company, brainstorming with company staff, identification of possible development directions, gathering of technological and marketing information and concentrating on the relevant products in light of the information gathered, and preparation of an interim report as a technological roadmap.
Phase II – Technological and business feasibility study of recommended directions, and concentrating on the selected direction, while examining the necessary resources and activities required for closing of the technological gaps versus the expected business benefits; preparation of a summary report.
Goal of the incentive program:
To create a corporate culture change in the low-tech industry sectors including instilling values and working methods for continuous R&D and innovation derived from market needs. This incentive program will increase the competitiveness of the participating companies through implementing R&D processes and adopting new technologies.
Who is the incentive program for?
Companies in low-tech industrial sectors that seek consultation and guidance in their first R&D steps or companies whose R&D capabilities require guidance and upgrade. Applicant companies select a consultant from either the Authority’s pool of consultants or an independent consultant approved by the steering committee of the incentive program.
What do you get?
- The contract will be carried out between the Authority and the applicant company.
- The Authority will fund 75% of the consultancy fee and the company will fund 25% of this fee.
- The hourly consulting rate limit is NIS 200 per hour. The company will receive funding of up to 200 hours.
- As for the financing of the market survey, patent survey or technology survey – the Authority will fund 75% of the actual cost up to NIS 12,000 plus VAT.
Why should you apply for this incentive program?
Consultation and guidance: Companies applying for the R&D preparatory incentive program will receive professional consultation to support them in identifying gaps in their current capabilities, as well as assistance in mapping directions for development and preparing for implementation of the R&D plan.
How to apply?
The application for participation in this incentive program should be submitted to the Steering Committee with its prior approval, in accordance with procedures published on the Authority’s website.
For additional information, please contact:
Advanced Manufacturing Division