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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

 

NOFAR Incentive Program

The NOFAR incentive program provides support for applied research in academia and focuses on technologically feasible ideas which require financing in the initial applied research stage at universities that has not matured sufficiently to qualify for MAGNETON support. The NOFAR incentive program is limited to a period of one study year.

Goal of the incentive program:

To bridge the gap between academic knowledge and industry needs. All the research activities carried out as part of this incentive program are in academic institutions, accompanied by the support of an industrial company that sees business potential in the achievements of the project. The main goal is to reach significant milestones by the end of the project, which will enable the industrial company to sign a technology commercialization agreement with the research institution. The research activities in the incentive program will receive professional support by an industrial company or a relevant business entity (such as a venture capital fund).

Who is the incentive program for?

Academic research groups in Israel, operating as part of a higher education or research institution, seeking to carry out applied research, which is not mature enough to be supported by the industry or by the MAGNETON incentive program such as hospitals and public research institutes.

What do you get?

  • The research institution supported by the NOFAR incentive program is entitled to a grant of up to 90% of the approved budget with a maximum scope of NIS 550,000 for a period of 12 months, with an option to extend the support up to 15 months.
  • The supporting company serves as partner in professional guidance and in setting of research goals, as well as participates in the funding of 10% of the project cost.
  • At the end of the research, the supporting company receives the first right to negotiate a commercialization agreement with the research institution.
  • NOFAR research conducted in collaboration with two different institutions is eligible for funding of up to NIS 700,000.
  • The grant recipients are exempt from repayment of royalties.

Why should you apply for this incentive program?

Research institutions:

  • The incentive program provides financial and professional support of research processes and increases the chances for success.
  • All the rights to the knowledge accumulated in the research are retained by the research institution.

Commercial company:

  • The ability to influence, direct and support high-quality academic research that will contribute to the company’s future activities.
  • The first right to negotiate commercialization of research results with the research institution. Commercial development in exchange for a minimal financial investment.

For further details:: NOFAR Incentive Program

 

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