KORIL CFP Pilot + R&D Jan 2024
Open Date:
29/01/2024Deadline for Submission:
15/04/2024Time zone:
IsraelSummary:
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 the field of defense).
KORIL will support can get up to 3 million US $ (depending on the program) or up to 50% (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 improving products, access to R&D infrastructure, etc.
You have a unique opportunity to take your ideas or products a step further, receive support and enjoy a fruitful and fascinating collaboration with companies from one of the most developed countries in the world!
Participation of Research institutes/universities is welcome according to the KORIL funding guidelines – as a subcontractor up to 20% of the total project budget.
Relevant Technologies
All technology Sectors (except defence) that have new technologies, standardisation, prototyping, new or improves products, access to R&D infrastructure, etc.
Audience:
- Companies from Israel together with companies from South Korea.
- Academia can join as a subcontractor only (up to 20% of the approved budget).
- All technology Sectors (except defense) that have new technologies, standardization, prototyping, new or improved products, access to R&D infrastructure, etc.
- A jointly developed technology or product(s) that shows considerable innovation
- The project should generate an obvious advantage and added value resulting from the technological
Participating Agencies
Program Description
Funding
KORIL R&D Program
- Fund up to US$ 3,000,000 per project or 30% to 50% of the total qualified project cost, whichever is lower.
- *Self-Funding Option – please see below.
KORIL Pilot Program
- Fund up to US$ 1,000,000 per project or 30% to 50% of the total qualified project cost, whichever is lower.
- * Self-Funding Option – please see below.
Criteria
Evaluation Criteria for both programs:
- 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 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 program:
- 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 program:
- 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).
Application Process
The deadline for submission is 14 April, 2024 at 14:00 (IST).
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:
- For the Israeli partner: the Israel Innovation Authority online system, not later than the final submission deadline as written above.
- For the Korean partner: the KORIL-RDF Korea office online system, not later than the final submission deadline as written above.
- All the needed documents can be downloaded from KORIL-RDF website
- If a company wishes to conduct KORIL Programs without getting grant from KORIL, but its partner company will get the 50% of the grant, please contact KORIL Offices for further information.
Please note!
- The Israeli company needs to register to the Israel Innovation Authority’s system (companies that applied for the Israel 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.
Partner Search
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