{"id":5414,"date":"2023-10-19T05:31:00","date_gmt":"2023-10-19T05:31:00","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?post_type=press_release&p=5414"},"modified":"2023-10-22T05:49:06","modified_gmt":"2023-10-22T05:49:06","slug":"nis100-million-fast-track-to-extend-startups-runway","status":"publish","type":"press_release","link":"https:\/\/innovationisrael.org.il\/en\/press_release\/nis100-million-fast-track-to-extend-startups-runway\/","title":{"rendered":"NIS100 Million Fast-Track to Extend Startups’ Runway"},"content":{"rendered":"\n
Special measures in place to help companies & EU agrees to postponed the application deadlines for leading Horizon European programs<\/h2>\n\n\n\n
Special measures for Israeli high-tech:<\/strong><\/p>\n\n\n\n
Israel Innovation Authority Announces an NIS100 Million Fast-Track to Extend Startups’ Runway<\/h2>\n\n\n\n
Simultaneously:<\/strong><\/em><\/h4>\n\n\n\n
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Announcing special measures in place to help companies in which the Authority invests and accelerates the transfer of funds to them<\/li>\n\n\n\n
The European Union\u2019s Horizon program responded to the Innovation Authority’s request and postponed the application deadlines for leading European programs<\/li>\n<\/ul>\n\n\n\n
The Israel Innovation Authority will launch a fast-track grant channel with an initial allocation of approximately 100 million NIS for around 100 Israeli startup companies with significant technological assets, and short runways for companies struggling to raise funds from their existing investors during these challenging times. The matching process will include contributions from private investors, which are expected to total more than NIS200 million. The channel, operating under the R&D fund program, is designed for Israeli companies who need additional funds to extend their runway, giving them more time to fully utilize their available resources.<\/p>\n\n\n\n