GCI – Grand Challenges Israel Incentive Program
The Grand Challenges Israel incentive program operates as part of the Grand Challenges in Global Health international initiative. The incentive program is also partnered by Israel's Agency for International Development Cooperation (MASHAV) and the National Economic Council of the Prime Minister's Office.
The program supports R&D focused on the humanitarian health challenges that exist in developing countries, with products that also have commercial potential in developed countries. The participation in this incentive program combines charitable acts and services with new business opportunities and the chance to solve global challenges.
Goal of the incentive program:
The emphasis in this incentive program is on the support of projects that are characterized by technological innovation in the global health field. Due to the complexity of conducting business in developing countries, the Authority and MASHAV will assist the entrepreneurs interested in identifying suitable partners to develop and commercialize their project in the target countries.
Who is the incentive program for?
The incentive program is suitable for companies and entrepreneurs in the areas of health, security, and food, as well as entrepreneurs targeting markets in developing countries.
What do you get?
Support of 90% of the approved budget, up to NIS 500,000.
Why should you apply for this incentive program?
Attractive conditions: Financing of up to 90% of the budget gives the project an initial push. In addition, the incentive program offers an exemption from the repayment of royalties on the revenues received.
Exposure to new markets and potential partners: This incentive program creates bridges between entrepreneurs and potential partners in target markets, in part thanks to the global partners of the Grand Challenges in Global Health initiative: the aid agencies of the United States and Britain, philanthropic foundations, research institutes, and others.
How to apply?
- Prior to application, please carefully read the complete list of conditions, as detailed on the Authority’s and the program’s websites.
- For further questions and potential participation, submit a request by email.
For additional information, please contact:
Societal Challenges Division