(Formerly the Office of the Chief Scientist and MATIMOP)

Ontario – Israel Cyber Security - Fintech Call For Proposals

The Ontario-Israel Research Network Program – MAGNET (OIRNP-MAGNET) will support bilateral collaboration to develop and demonstrate technological solutions. The program is facilitated through the framework of the Ontario-Israel Innovation MOU, as a partnership between Ontario Centres of Excellence (OCE) and the Israel Innovation Authority (IIA). See press release.

In its first year, projects will focus on Cybersecurity-Fintech companies, and potentially Ontario academic institutions, creating industrial or collaborative R&D technologies that address the cybersecurity needs of multinational Ontario-based financial institutions.

Managed by OCE and IIA through a partnership with Ontario’s Ministry of Research, Innovation and Science (MRIS), the program supports industry-led bilateral collaboration, including consortia comprised of small-to-medium enterprises (SMEs) and potentially, academic institutions to jointly develop industrial or collaborative R&D technologies responding to industry needs that will strengthen both Ontario and Israel’s technological expertise and enhance competitiveness. Each application must include at least one SME from Ontario, one SME from Israel, and for the current call, one partnering Financial Institution (FI) from Ontario. Ontario applicants are encouraged to collaborate with academic researchers.

Both jurisdictions have committed CAD 5M each over 5 years to support this initiative for a total of CAD 10M that will be matched by the participating SMEs. Ontario funds will be disbursed to successful Ontario SMEs by OCE. Successful SMEs from Israel will be funded separately by IIA.

Ontario Centres of Excellence (OCE) and the Israel Innovation Authority (IIA) invite interested companies to submit expressions of interest (EOI) to address bilateral partnerships with an Ontario SME and a large Ontario financial institutions to address the challenges outlined in the Program document Ontario – Israel Cybersecurity-Fintech Collaboration with Canadian Banks download here.


Expression of Interest (EOI) form should be downloaded here and submitted to les.abelson@innovationisrael.org.il by March 2, 2017

Partner Matching Assistance?

The submitted EOI’s will be submitted to the participating financial institutions who will screen them and once approved will commence a process to suggest possible Ontario SME partners if necessary. Candidate companies will be required to attend a Partnering Forum in mid-May 2017 in Toronto where they will meet with all other SMEs, both Ontarian and Israeli, as well at the Financial Institutions. Thereafter the partners will be required to work together to design a joint project.


Funding support will be provided to each partner through its own implementing & funding organisation (either OCE in Canadan or Israel Innovation Authority ) in accordance with the respective laws, rules, regulations and procedures in effect.

In Israel - http://www.economy.gov.il/RnD/research%20and%20development%20programs/Pages/Mop_Fund.aspx

Ontario Application Timelines


EOI submission period begins 07-Feb-17

EOI submission period ends 2pm E.S.T. on March 2, 2017

EOI evaluation March 2 - April 13, 2017

Invitation to Partnering Forum 13-Apr-17

Partnering Forum  15-May-17

Full Application submission period begins 15-May-17

Full Application submission period ends* July, 2017

Full Application evaluation  July-October, 2017

Funding Decisions** October, 2017


Mr. Les AbelsonTelephone: +972-3-5118139Email: Les.Abelson@innovationisrael.org.il  

Mr. Jonathan CohenTelephone: +972-3-5118155Email: Jonathan.Cohen@innovationisrael.org.il