KORIL 2024 call for proposal for R&D and Pilot Programs

Open Date:

27/06/2024

Deadline for Submission:

12/09/2024

Time zone:

Israel
KORIL-Israel Pilots and R&D

Summary:

Program Summary

The Korea-Israel Fund (KORIL RDF) invites Israeli companies together with Korean companies to apply for a grant for cooperation in R&D or Pilots projects in all technological sectors (except defense).
KORIL will support in funding up to $3,000,000 US (depending on the program) or up to 50% of the total qualified project cost (whichever is lower).

What are we looking for?
Projects that will create a clear advantage and added value resulting from the technological cooperation between companies in Korea and Israel, i.e.: new technologies, standardization, prototyping, new or improved products, access to R&D infrastructure, etc.

Participating research institutes/universities are welcome in accordance with the KORIL funding guidelines – as a subcontractor contributing up to 20% of the total project budget.

Program Description

Funding Schemes:

For R&D Program:

  • Funding up to $3,000,000 US per project, or 30%-50% of the total qualified project cost, whichever is lower.
  • For self-funding options – please see below.

For Pilot Program

  • Fund up to $1,000,000 US per project, or 30%-50% of the total qualified project cost, whichever is lower.
  • For self-funding options – please see below.

For Feasibility Program

  • Funding up to $50,000 US per project, or 30%-50% of the total qualified project cost, whichever is lower.

Criteria

Evaluation Criteria for both R&D and Pilot projects:

  • Hight Level of Innovation/Novelty
  • Potential for Commercialization Success
  • Technical and Financial Capabilities
  • Commercialization/Marketing Capability
  • Complementarity to each country/Company
  • Synergy Between Companies, relevant background
  • Reliability of the work and budget plan
Precondition for both R&D and Pilot programs:

  • Israeli companies registered in Israel and Korean companies registered in Korea.
  • Either company must not have more than 20% shareholding in the partnering company (Unrelated companies).
  • Commercial product / technology.
  • Companies must be able to fund the supplementary part to their project budget after a grant.

Precondition for R&D programs:

  • For projects that cost minimum $ 100,000.
  • Duration of the project up to 2 years (maximum).
  • At least 30% of the actual R&D work must be done in Korea and Israel.

Precondition for pilot programs:

  • POC project or trial of near-market technologies (e.g. phases TRL 6-8) with a beta site.
  • Duration of the project: up to one year (maximum).

Precondition for Feasibility programs:

  • POC project or trial of new technologies (Pre-R&D).
  • Duration of the project: up to 6 months (maximum).

Application Process

Proposals for KORIL R&D & Pilot Programs should be prepared and submitted jointly by both companies to KORIL-RDF offices, simultaneously via the specific platform for each partner:

  1. For the Israeli partner: the Israel Innovation Authority online system, not later than the final submission deadline as specified above.
  2. For the Korean partner: the KORIL-RDF Korea office online system, not later than the final submission deadline as written above.
  3. All the needed documents can be downloaded from KORIL-RDF website: https://new.koril.org/content/fund02_02

*If a company wishes to participate in one of the KORIL programs without receiving a grant from KORIL and have its partner receiving 25% of the grant, please contact KORIL offices for further information.

Please note!

  • The Israeli company needs to register to the Innovation Authority’s system (companies that applied for the Innovation Authority’s support before, using the same user) and upload the proposal.
  • It is recommended to submit the proposal ASAP. Please do not wait for the last minute. KORIL-RDF will accept only proposals that were submitted on time. KORIL-RDF won’t be able to accept proposals submitted later than the deadline as above.
  • Please make sure that both partners successfully submitted the proposal on both platforms! KORIL-RDF won’t be able to accept proposals that were submitted only on one platform.
  • KORIL-RDF doesn’t have appealing process for rejected projects.

If you are already having a project idea, and are looking for partners, or you are interested in participating in a project proposal, given your expertise in the field, but haven’t yet formed a project idea or proposal, then please visit KORIL-RDF Webpage: https://www.koril.org/en/company_db/request.php

For additional information, please contact:

Name: Program Manager, Israel-Korea Fund (KORIL)
Position: Program Manager, Israel-Korea Fund (KORIL)
Organization: Israel Innovation Authority
Email: APAC@innovationisrael.org.il