This program (Innovation Lab Platform) is intended to support entrepreneurs that needs platform support to reach to a PoC stage and for Int’l corporates that seek to cooperate with Israeli startups.
In this scheme we can find 5 other “Innovation Labs” programs:
1. Alliance Open Innovation Lab
Shareholders: Enel, Shikun&binui, Solel Bohne Infrastructure
Sector: Smart Infrastructure and Construction
Shareholders: Ham-let Sector:
Industry 4.0 and flow systems
Location: Tziporit – Nazareth elite Industrial zone
4. PMatX Ltd
Shareholders: Merck Ventures B.V. & Flextronics (Israel)
Sector: Novel materials and (2D & 3D) printing technologies related to electronics and devices utilizing them
Shareholders: Frutarom Industries
Sector: FoodTech, functional ingredients, nutraceuticals
Location: Migdal Ha-Emek
This Program is for local and international corporates all together that seek to build an innovation lab in Israel.
Benefits of the program for corporates:
The platform will support work cooperation with startups and other companies and academia.
Israel Innovation Authority will fund up to 33% ( and up to 50% in the periphery areas) of the costs of establishing the required technological infrastructure and up to 4 Million NIS cap.
Israel Innovation Authority will also fund up to 50% of the operating expenses of the lab each year up to a maximum of half a Million NIS,
All of the above is without any requirement on the part of the Authority to invest financially in the projects.
Exposure to the Israeli innovation ecosystem as a source of growth.
Open innovation leadership: An opportunity to create value for stakeholders.
Risk Sharing: Cost and risk sharing with the Israeli Innovation Authority.