{"id":1934,"date":"2023-05-22T11:13:48","date_gmt":"2023-05-22T11:13:48","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?post_type=kol_kore&p=1934"},"modified":"2023-05-22T11:15:07","modified_gmt":"2023-05-22T11:15:07","slug":"korean-israel-rd-foundation-koril-rdf-call-for-proposals-for-joint-rd-and-pilots","status":"publish","type":"kol_kore","link":"https:\/\/innovationisrael.org.il\/en\/kol_kore\/korean-israel-rd-foundation-koril-rdf-call-for-proposals-for-joint-rd-and-pilots\/","title":{"rendered":"Korean Israel R&D Foundation (KORIL-RDF) Call for Proposals for Joint R&D and Pilots"},"content":{"rendered":"\n
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Participating Agencies<\/h2>\n\n\n
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Israel Innovation Authority<\/div> <\/div> <\/div>\n
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Korea-Israel Industrial R&D Foundation (KORIL-RDF)<\/div> <\/div> <\/div>\n <\/div>\n\n\n

Summary<\/h2>\n\n\n\n

Korea-Israel Industrial R&D Foundation (KORIL-RDF) is a bi-national foundation, created by the governments of the Republic of Korea and the State of Israel, whose mission is to promote & support technological collaboration in innovative R&D between commercial companies in both countries.<\/p>\n\n\n\n

Relevant Technologies<\/h2>\n\n\n\n

All technology sectors<\/p>\n\n\n\n

Program Description<\/h2>\n\n\n\n

KORIL seek to promote research and development in Korea and Israel by helping Korean-based and Israel-based companies with R&D Partner Search and providing up to US$2M in funding for joint R&D projects and for Pilot collaboration up to 1M USD.<\/p>\n\n\n\n

Through joint R&D and Pilot collaboration and KORIL\u2019s funding, companies have:<\/p>\n\n\n\n

Created new\/enhanced products and technology,
Expanded product portfolio for customers,
Created new markets, and
Shortened time to bring new\/enhanced products and technology into the market<\/p>\n\n\n\n

KORIL and offers 3 funding programs<\/strong>:<\/p>\n\n\n\n

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  1. KORIL General \u2013 For R&D project which cost above US$100K with product or technology that could be commercialized and project duration not more than 3 years
    Fund up to US$2M or 30% to 50% of the total qualified project cost, whichever is lower.
    Fund up to US$30K for commercialization activities.
     <\/li>\n\n\n\n
  2. KORIL Pilot \u2013 The purpose of KORIL Pilot Program is to meet post-R&D gap by supporting scale-up, pilot testing and commercialization of near-market technologies (e.g. TRL 6-8).
    Project duration not more than 1 year. 
    Fund up to 1M USD or 30% to 50% of the total qualified project cost, whichever is lower.
    Fund up to US$30K for commercialization activities.
     <\/li>\n\n\n\n
  3. Feasibility Study \u2013 For investigation project to determine the technical feasibility and market acceptability of a new product or process concept.
    Fund up to $50K or 50% of the total qualified project cost, whichever is lower.<\/li>\n<\/ol>\n\n\n\n
    \"arrow\"\/<\/figure>\n\n\n\n

    This program is operated under the Authority\u2019s incentive program for Bilateral Funds and the Israel-Korea Fund (KORIL). You can find further information on this incentive program on our websites in Hebrew<\/a> and in English<\/a>.<\/p>\n\n\n\n

    \"arrow\" For further information about KORIL please refer to KORIL\u2019s website<\/a><\/p>\n\n\n\n

    Criteria<\/h2>\n\n\n\n
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    1. The application must be jointly submitted by a Korean-registered company and an Israel-registered company. <\/li>\n\n\n\n
    2. Either company must not have more than 20% shareholding in the partnering company. 
      The joint project must be undertaken in Korea and Israel.<\/li>\n\n\n\n
    3. At least 30% of the actual R&D work must be done in Korea as well as in Israel. <\/li>\n\n\n\n
    4. Technology and product developed must have potential for commercialization.<\/li>\n\n\n\n
    5. Companies must have the ability to fund the supplementary portion of their project budget after a grant.<\/li>\n<\/ol>\n\n\n\n

      Evaluation Criteria:<\/h4>\n\n\n\n