The Korea- Israel Industrial R&D Foundation (KORIL-RDF)
The Korea- Israel Industrial R&D Foundation (KORIL-RDF) is a bi-national foundation, incorporated in 2001, owned and financed jointly by the governments of the State of Israel and the Republic of Korea.
In Israel the Foundation is under the auspices of the Ministry of Economy & Industry; and in Korea under the Ministry of Trade, Industry & Energy.
Its mission is to promote & support technological collaboration in innovative R&D between commercial companies in both countries.
All technology sectors are welcome, while the products developed in these joint-ventures must have a civilian application, be market-oriented & designated for commercialization.
Grants can be obtained for up to 50% of the direct R&D expenses of a joint project, capped at US$2 million (shared between the two companies).