MAGNETON Incentive Program
The MAGNETON incentive program encourages the transfer of technological knowledge accumulated in academia for the use of industry, by creating collaborations between Israeli companies and academic research groups.
These collaborations expose industrial companies to the research achievements relevant to their activities and assist research groups in transforming academic developments into commercial applications.
Goal of the incentive program:
To transfer technology from research institutions to industrial corporations for the development of breakthrough products.
Who is the incentive program for?
- Israeli industrial companies seeking to incorporate new technologies developed in the academia and striving to develop a new product or to improve an existing product based on recent studies, relevant to their field of activity.
- Academic research groups from Israeli research institutes and think tanks approved by the Technological Infrastructure Division, seeking to carry out innovative and original applied research in collaboration with a leading company interested in the relevant technology. The research should be focused on technological feasibility for the industry, and the applying research institute should be the sole owner of knowledge in the project.
What do you get?
- An applied research grant of up to 66% of the approved budget, up to a total of NIS 3.4 million for a period of up to 24 months.
- The grant recipients are exempt from paying royalties for repayment of grant funds transferred to them.
Why should you apply for this incentive program?
Commercialization of academic knowledge: The incentive program assists research institutions in commercializing the knowledge developed through scientific research, while industrial companies receive exposure to new technology. After examining this technology, they can integrate it in their activities and continue to develop innovative products with economic potential or upgrade existing products.
Examination of applicability potential: The MAGNETON incentive program offers companies a favorable environment to examine the application potential of technologies developed in academic institutions. Without this environment, the companies would find it difficult to carry out the examination process, which entails relatively high risk and uncertainty.
Possibility of the commercialization rights realization: At the end of the project and at the end of the proof of concept, the company will be given the right to decide whether to exercise commercialization rights. If it chooses to do so, it can continue developing commercial products independent of the research that was carried out jointly with the research institution.
For further details: MAGNETON Incentive Program