Sites for conducting the pilot will be established and operated in the offices of the Israel Securities Authority, in the offices of the supervised entity, or in the company’s offices. There is no maximum budget for the pilot and a company may submit requests for several pilots (in several cycles). Among others, requests will be examined for their contribution of the pilot sites, the project’s readiness for the pilot, and the degree of the company’s progress to commercialization via the pilots.
Goal of the program:
- To support R&D projects including the establishment of pilot facilities in the field of financial technology that are expected to economize the capital markets and the financial services sectors in Israel, to increase their competitiveness, and to improve the services’ quality, cost, and availability to the public.
- To increase productivity in the financial services sectors by assimilating innovative technologies.
- To create and develop whole sustainable companies in the fields of fintech in Israel by advancing innovative technological solutions.
Who is the program for?
- Israeli technology companies engaged in projects in the field of fintech, that will conduct a pilot at the Israel Securities Authority, or will be based on its capabilities, data, or information.
What do you get?
- Financial support of between 20%-50% of the approved R&D expenditure.
- Special support of 60% of the approved R&D expenditure will be given to projects with potential for an exceptional influence in economizing and improving the capital markets or financial services sectors in Israel.
This program is part of the Joint Government Support for Pilot Programs.
Israeli companies seeking further information on the requirements and application process to this program, should refer to the Israel Innovation Authority's Hebrew site: https://innovationisrael.org.il/growth/pilot/fintech