Tnufa Incentive Program
The Tnufa incentive program is designed for fledgling entrepreneurs who are interested in formulating and validating an innovative technological concept and in reaching the R&D stage, where they can raise funding for further development and commercialization.
Goal of the incentive program:
Support entrepreneurs in proof of concept and business feasibility of the project.
Who is the incentive program for?
- A private entrepreneur or consortium of entrepreneurs
- New Israeli startup companies
What do you get?
- The conditional grant provided as part of the Tnufa incentive program is up to 85% of the approved budget, with a maximum grant of NIS 200,000 for a period of up to two years: NIS 100,000 awarded each year.
- The grant funds are used for building an initial prototype, intellectual property protection and initial business development, including materials, perishable components, contractors, technical and marketing advisors, patent attorneys and exhibition expenses (not intended for salaries and overhead expenses).
Why should you apply for this incentive program?
Favorable conditions for entrepreneurs: The entrepreneurs are not obliged to leave their place of work or establish a company as a condition for receiving support as part of the Tnufa incentive program. The entrepreneur is not required to give up his rights to the project.
Quality mark support: The support of the Tnufa incentive program allows entrepreneurs to test the feasibility of their projects, as it reflects a professional and objective vote of confidence in their potential. This can help entrepreneurs raise additional capital following the initial funding.
Follow-on funding by the Authority: Following the completion of the support period in the Tnufa incentive program, the project may receive support from one of the additional incentive programs offered by the Authority.
Pilot: Innovation Visas Program for Foreign Entrepreneurs
The innovation visa will enable foreign entrepreneurs from around the world to develop and formulate their technological initiatives in Israel. During their time in Israel, the foreign entrepreneurs will be hosted in one of the 12 selected Landing Pads for Foreign Entrepreneurs. These will offer exposure to Israel’s innovation ecosystem, a work space, technologic infrastructure, as well as business and logistic support.
This program will, for the first time, enable foreign entrepreneurs to receive a work visa in order to establish a project in Israel. As part of the innovation visa program, entrepreneurs will be able to stay in Israel for a period of up to 24 months, during which they will receive support under the Innovation Authority’s ‘Tnufa’ Program. Should the project subsequently mature into a company, the foreign entrepreneur will be able to file a request for support from the Authority. After receiving approval, the entrepreneur may then receive an ‘expert visa’ to work on the project as an employee for a period of up to 5 years.
For further details: Tnufa Incentive Program