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Israel Innovation Authority is Calling Japanese Companies to Join its New Innovation Lab Program for Cyber & FinTech

February 26, 2019

 

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: Renault-Nissan-Mitsubishi

  • Sector: Automotive

  • Location: Tel Aviv

  • Website: https://www.alliance-2022.com/

 

2. INFRALAB

  • Shareholders: Enel, Shikun&binui, Solel Bohne Infrastructure

  • Sector: Smart Infrastructure and Construction

  • Location: Haifa

  • Website: http://infralab.co.il/

3. Let-lab

  • Shareholders: Ham-let Sector:

  • Industry 4.0 and flow systems

  • Location: Tziporit – Nazareth elite Industrial zone

  • Website: www.let-lab.com

 

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

  • Location: Yavne

  • Website: http://pmatx.co.il/

 

5. FoodNxt

  • Shareholders: Frutarom Industries

  • Sector: FoodTech, functional ingredients, nutraceuticals

  • Location: Migdal Ha-Emek

  • Website: http://foodnxtlab.com/

 

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:

  1. The platform will support work cooperation with startups and other companies and academia.

  2. Attractive costs- 

    • 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.

  3. Exposure to the Israeli innovation ecosystem as a source of growth. 

  4. Open innovation leadership: An opportunity to create value for stakeholders.

  5. Risk Sharing: Cost and risk sharing with the Israeli Innovation Authority.

 

 

 (Reference)
https://innovationisrael.org.il/en/sites/default/files/inline-files/Incentive_program_no.29-Innovation_Labs_Program%2BAppendix_A%2BB.pdf

https://innovationisrael.org.il/startup/programsrnd/labs

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