{"id":963,"date":"2018-06-01T12:41:00","date_gmt":"2018-06-01T12:41:00","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?p=963"},"modified":"2023-11-21T07:50:13","modified_gmt":"2023-11-21T07:50:13","slug":"the-process-of-foundation-is-complete","status":"publish","type":"post","link":"https:\/\/innovationisrael.org.il\/en\/the-process-of-foundation-is-complete\/","title":{"rendered":"The Process of Foundation is Complete"},"content":{"rendered":"\n
The law on the basis of which the Innovation Authority was established was authorized by the Knesset in August 2015*, however the Authority itself only commenced operation at the beginning of 2017.
As is known, the Authority was set up on the basis of the Office of the Chief Scientist in the Ministry of Economy and Industry. The objective was to optimally fulfill the missions assigned to it by the R&D Law and to provide efficient and high-quality service to the Israeli innovation system. In order to do so, the Authority operates with a structure of Innovation Divisions (see Diagram 1) that allocate a cumulative budget of approximately NIS 1.6 billion each year. The Authority supports companies at all stages of their life and in all innovation sectors via a range of programs (see Diagram 2).<\/p>\n\n\n