In recognizing the increasing importance of the emerging markets of China, India and Latin America, the Israel Innovation Authority (formerly the Office of the Chief Scientist) has taken significant steps in recent years to promote cooperation and penetration into these leading target markets.
One of the primary barriers for advancing cooperation with China, India and Latin America, however, is the fact that many Israeli companies develop and design their products primarily for western markets. Since the needs and requirements in these target countries do not necessarily match those of the western market, often times further development, research or trials are required in order to adapt and customize such products to the markets of China, India and Latin America.
Therefore, the Israel Innovation Authority is pleased to present a new program track offering funding support for “product adaptation” in China, India and Latin America.
This new program track expands on the existing support for industrial R&D (through the Innovation Authority's R&D Fund). In addition to traditional R&D projects aimed at the development of new, innovative and R&D-intensive products, Israeli companies are also eligible for funding support for projects focused on the adaptation and customization of an Israeli company’s product to the target market, including but not limited to:
Adaptation of product in consideration of local cultural considerations
Adaptation to local conditions, such as climate, infrastructure etc.
Regulatory considerations, particularly for foods and drugs
Reduction of price to customer by the utilization of local components
Reduction of price to customer by downgrading performance
Establishment of beta-sites
Security considerations, such as removal of components requiring permission from the Ministry of Defense
There are two options to apply – with or without a foreign partner:
Without a Foreign Partner – Direct to Innovation Authority:
Although the Israeli company may be working in partnership with a foreign company or working with a foreign company as a subcontractor (which is actually recommended), under this track it is only the Israeli company itself that applies for and directly receives funding. The company can apply, at any time, directly to the Innovation Authority's R&D Fund, following the standard rules and regulations of the Innovation Authority. Under this track, only the Israeli partner would receive funding.
For More Information:
With a Foreign Partner – Through One of the Bilateral Calls for Proposals:
This track expands on a number of existing bilateral cooperation programs implemented by the Authority, which have traditionally only provided support for collaborative industrial R&D projects aimed at the development of new and innovative products or processes. Now, under select bilateral programs, Israeli companies and foreign companies will be eligible for funding support also for projects focused on the adaptation and customization of an Israeli company’s product to the target market. Under such programs, both the Israeli and foreign partner are eligible for funding, provided in parallel by the Authority in Israel and the foreign counterpart. Companies can only apply during open calls for proposals under the participating programs. Please check with the relevant program manager to check if your project is eligible.
Check for open calls for proposals or contact the relevant program Manager for more info.