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Early Stage Incentive Program

The Early Stage Incentive Program is designed for startup companies seeking to develop and promote an innovative technological project, as well as penetrate the market by raising investments from the private sector. 

The incentive program offers three sub-programs: standard program, minorities program, and orthodox program. Approval by the Authority serves as a significant springboard for companies in raising investments from the private sector.

Goal of the Incentive program:
To provide an incentive for private investments in early stage companies in product development and initial market penetration.

Who is the incentive program for?

  • New Israeli startup companies
  • The incentive program offers preferential terms to companies held by minority/orthodox entrepreneurs.

What do you get?

  • The conditional grant provided under the Early Stage standard sub-program is 50% of the approved budget (60% for companies operating in preferred development regions and 75% for companies operating in the area surrounding the Gaza Strip) with a maximum grant of NIS 5,000,000 for a period of up to two years.
  • The conditional grant provided under the Early Stage Companies minorities/orthodox sub-programs is 85% of the approved budget, with a maximum grant of NIS 2,000,000. The companies participating in these incentive programs can apply for continuation in the standard sub-program, with a maximum cumulative grant of NIS 5,000,000 for a cumulative period of up to two years.
  • The company receiving the committee’s approval of the project will be given the opportunity to raise the complementary funding needed for the project, up to six months after the date of approval.

Why should you apply for this incentive program?
Assistance during the establishment stages:
The incentive program allows startup companies to overcome the difficulties in raising funds from the private sector.

Quality mark support: Support from the Authority is provided following a comprehensive professional assessment of the project, which serves as a mark of quality for companies in the industry in Israel and abroad. It also makes it easier for the company to raise private investment down the road.

Positive signal to investors: The possibility of mobilizing supplementary funding for up to six months after the approval of the project helps companies in their efforts to raise investments in the early stages of operation.

How to apply?

  1. The application is carried out according to the application procedures set forth by the Authority, as detailed on its website.
  2. Prior to application, please review the list of binding conditions for grant recipients in a relevant incentive program, as detailed on the Authority’s website.

For additional information please contact:
Startup Division

Email: SU@innovationisrael.org.il
Details on the Israel Innovation Authority website: Early Stage Incentive Program

 

Young Entrepreneurship Incentive Program

The Authority is working to train the next generation of entrepreneurs in Israel, who will continue to lead the country to the forefront of global technology. In order to operate the Young Entrepreneurship incentive program, the Authority partners with organizations that actively encourage and educate youth for business entrepreneurship. 

These organizations are selected through competitive procedures, and the incentive program is conducted in a one-year format.

The non-profit organization, Unistream, which encourages and educates youth for business entrepreneurship, won a tender in 2015 and was selected to operate the Young Entrepreneurship incentive program in the Authority, through a dedicated program called "Startup Now."

Goal of the Incentive program:
To encourage and educate youth for practical experience in business entrepreneurship, while imparting skills and knowledge that will help them integrate into the future world of entrepreneurship.

Who is the incentive program for?

  • The incentive program is intended for organizations that are interested in instilling the basics of entrepreneurship and innovation for students in middle and high schools.
  • The incentive program operates in different settings: schools, community centers and local authorities.

What do you get?

  • As part of the Young Entrepreneurship incentive program, students learn concepts from the fields of business, economy and entrepreneurship. They also get practice in the process of establishing a company and developing a real business venture.
  • Students experience the entrepreneurial process in practice, from the concept stage to production and sales.
  • The process is supported by dozens of prominent businessmen from various fields who mentor and assist the students in developing their projects.

Why should you apply for this incentive program?
Empowering of youth:
The incentive program is designed for diverse populations and different audiences that have never been exposed to entrepreneurship. The activities included in the incentive program empower young participants and develop their aptitudes and capabilities. The incentive program is carried out mainly in the south and north of the country, focusing on populations from Israel’s social and geographic periphery.

Future prospects: Exposure to the incentive program’s content and the concepts from the entrepreneurial world, as well as familiarity with business leaders who assist the students in the development of a business enterprise, allowing them a foothold in the Israeli entrepreneurial community.

How to apply?
The incentive program is managed in different settings across the country and is determined by the organizations that operate the program.

For additional information please contact:
Startup Division

Email: SU@innovationisrael.org.il
Details on the Israel Innovation Authority website: Young Entrepreneurship Incentive Program

 

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