KORIL RDF (Korea – Israel) Industrial R&D and Pilot programs
Open Date:
03/05/2022Deadline for Submission:
25/08/2022Time zone:
Israel
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 the field of defense).
KORIL will support can rise up to 2 million $ (depending on the program) or up to 50% (whichever is lower).
Relevant Technologies
All technology Sectors (except defense) that have new technologies, standardisation, prototyping, new or improves products, access to R&D infrastructure, etc. • A jointly developed technology or product(s) that shows considerable innovation • The project
Participating Agencies
Program Description
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, ie: 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.
* This program is operated under the Authority’s incentive program for Bilateral Funds and the Israel-Korea Fund (KORIL). Please read the full details on the Fund’s website
Funding
KORIL R&D Program
- Fund up to US$ 2,000,000 per project or 30% to 50% of the total qualified project cost, whichever is lower.
- Fund up to 30,000 USD for joint commercialization activities.
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.
Criteria
Threshold conditions for both programs:
- Companies must be able to fund the supplementary part to their project budget after a grant.
- At least 30% of the actual R&D work must be done in Korea and Israel.
- Israeli companies registered in Israel and Korean companies registered in Korea.
Threshold conditions for R&D program:
- For projects that cost minimum $ 100,000.
- Commercial product / technology.
- Duration of the project up to 3 years (maximum).
Threshold conditions for pilot program:
- POC project or trial of near-market technologies (e.g. phases TRL 6-8) with a beta site.
- For commercial purposes.
- Duration of the project up to one year (maximum).
Evaluation Criteria for both programs:
- Technical Capabilities
- Financial Capability
- Commercialization/Marketing Capability
- Synergy Between Companies
- Complementarity to each country/Company
- Level of Innovation/Novelty
- Potential for Commercialization Success
Application Process
Proposals for KORIL R&D & Pilot Programs should be prepared and submitted jointly by both companies to KORIL-RDF offices, simultaneously via an e-mail and to the Israel Innovation Authority online system by 12:00 IST on the final submission deadline.
Proposals should be written in conformance with, but not limited to, the outline is shown below and should be supported by any relevant official company documentation.
The Israeli company needs to register to the Israel Innovation Authority’s system (companies that applied for the Authority’s support before, using the same user) and upload the proposal
The deadline for submission is August 25th, 2022 at 12:00 (IST).
The applications need to be submitted by the Israeli companies and their foreign partners in collaboration.
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