Disruptive Innovation Program Launch
NIS 40 million program that includes initiatives in three different verticals – delivery technology (with an emphasis on “last-mile” solutions), health-tech – using to Bio-Convergence technologies, and technology solutions for schools and campus security.
Israel Innovation Authority to Invest NIS 40 million in Advancing Future Technologies, Including Autonomous Home Deliveries, AI-Powered Clinical Trials, and Motion Analysis-Based Security for Educational Institutions
Initiative aims to foster collaboration between innovators and regulators to develop disruptive technologies for global challenges
The Israel Innovation Authority announced today the launch of a new NIS 40 million program that includes initiatives in three different verticals – delivery technology (with an emphasis on “last-mile” solutions), health-tech – using to Bio-Convergence technologies, and technology solutions for schools and campus security. The initiatives aim to foster synergy among different companies and technologies within the framework of a globally unique regulatory sandbox, enabling companies to operate in an adapted and supportive regulatory framework.
“The program is designed to propel the Israeli technological leadership in the selected sectors,” said Dror Bin, CEO of the Israel Innovation Authority. “We are focusing on areas that we believe have tremendous growth potential, and in which Israeli technology companies have a relative advantage as well as the possibility of leading innovative products’ development that will change the world.”
As part of this program, the Israel Innovation Authority will collaborate with various regulatory entities, including the Ministry of Transport and Road Safety, the Ministry of Health, and the Israeli Police. The objective is to establish regulatory sandboxes and to develop an adaptable and enabling regulatory environment. Through this collaboration, the Israel Innovation Authority aims to assist in the creation of comprehensive technological ecosystems in Israel, increase the number of investors specializing in these fields, and provide a significant competitive advantage to the participating companies in order to accelerate their breakthrough into global markets.
The three initiatives part of this program will enable Israeli technology companies to validate, operate and demonstrate disruptive technologies within a unique and globally innovative sandbox, with the aim of promoting the Israeli technological ecosystem.
Last Mile Delivery:
Imagine a future, where walking robots ensure same-day delivery directly to your doorstep
The “last mile” refers to the final leg of the delivery process, when goods are transported from the logistics or distribution center to their ultimate destinations. This phase, which accounts for over 50% of the total logistics costs, has become increasingly complex and expensive since 2020driven by the surge in e-commerce sales and of home delivery services.
Delivery vehicles often operate at maximum capacity to meet consumers’ growing demand for rapid delivery. As a result, they contribute to urban traffic congestion, parking issues, and heavy air pollution. To address these challenges, it is crucial to tackle the issues arising during the last stage of the delivery, securely transferring shipments in an optimized manner directly to the final recipient.
As part of this program, the Israel Innovation Authority, in collaboration with the relevant regulators in the Ministry of Transport, invites companies that address the delivery sector’s value chain challenges to develop and demonstrate door-to-door delivery, in an innovative and enabling regulatory environment.
Bio-Convergence Technologies in Healthcare:
Imagine a future where organs for transplantation are printed overnight.
Bio-convergence is a technological sector that integrates biologically-based methods, ideas and technologies with expertise and technologies from other fields such as engineering, computer science, physics, mathematics and more. Success in this field requires thorough expertise in biology along with engineering, and a team that includes biologists, engineers and computer scientists. With a market size of USD 120 billion in 2022 and with an expected average annual growth rate of about 8%, this emerging sector presents significant technological and regulatory challenges.
Under this program, the Israel Innovation Authority, in collaboration with the Ministry of Health, is helping companies to submit applications for support, starting from the early stages of technological development, with the possibility of ongoing consultation with the Ministry of Health and regulatory support that will enable rapid entry into a clinical trial in Israel as well as entry into global markets.
School and Campus Security:
Imagine a future where schools have state-of-the-art security, ensuring the safety of all our children.
By 2030, this field is expected to show an average annual growth of 19%, primarily due to the need of educational institutions, as well as police and security officers to keep children safe, following the increase in violent incidents in schools. The Israel Innovation Authority, in collaboration with the Security Division of the Israeli Police, which is the Israeli regulator in the field, the Ministry of Finance, and the Ministry of National Security, is interested in supporting and promoting innovative technological solutions that are likely to solve the global challenges and gaps in this field.