Fast-Track Funding Program

As a quick response to the challenges tech companies are facing, as a result of the “Iron Swords” war, the Israel Innovation Authority is offering a “Fast Track” funding program to support technological companies and projects.

This funding program operates through the Innovation Authority’s R&D fund and is designed for innovative Israeli tech companies with a short runway (up to 6 months) that are in the process of raising capital. Those companies that experience challenges in raising capital due to the situation and in need of bridge funding, are the target of this program.

The fast track is designed for Israeli companies who are in the midst of development/early sales with substantial assets (technologies, unique team, consumers etc).

The Innovation Authority will offer up to 7.5 million NIS grants under this program, 50% of which will be matched by existing or new investors.

Submission for the fast track will be conducted on a two weeks basis under the following conditions:

• Runway of 6 months or less
• Submission of a 9 month R&D plan
• Requested budget of max NIS 7.5 million (50% of it will be provided through the Innovation Authority’s grant, the other 50% will come from private investors who will provide matching funding.)

Requests’ review process of submissions to  the Fast Track funding program as well as the process of reviewing these requests and providing answers will take no more than 4 weeks from submission.

• The amount of assets in the company prior to submission of the application
• The company’s runway and the grant’s contribution to its extension
• The difficulty level in raising capital in the near future.
• The technological and functional innovation of the product/services.
• The competitive advantage and the intellectual property.
• The potential business-economic growth of the company.
• The company’s managerial-business and technological-engineering capabilities.
• High return to the Israel economy.

Requests’ review process of submissions to  the Fast Track funding program as well as the process of reviewing these requests and providing answers will take no more than 4 weeks from submission.

The Fast Track funding program will be open starting November 1st, 2023 whereas its last date for submissions will be 1.2.2024.

Click for the potential foreign investor Q&As document

​ Further information relevant for potential investors, contact: Growth@innovationisrael.org.il