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GCI – Grand Challenges Israel Incentive Program

The Grand Challenges Israel incentive program operates as part of the Grand Challenges in Global Health international initiative. The incentive program is also partnered by Israel’s Agency for International Development Cooperation (MASHAV) and the National Economic Council of the Prime Minister’s Office.

Goal of the incentive program:

The program supports R&D focused on the humanitarian health challenges that exist in developing countries, with products that also have commercial potential in developed countries. Participation in this incentive program combines charitable acts and services with new business opportunities and the chance to solve global challenges.

Who is the incentive program for?

The incentive program is suitable for companies and entrepreneurs in the areas of health, security, and food, targeting markets in developing countries.

What do you get?

Support of 70%, 80% or 90% of the approved budget, up up to a maximum of NIS 500,000.

Why should you apply for this incentive program?

Attractive conditions: Financing of up to 90% of the budget gives the project an initial push. In addition, the incentive program offers an exemption from the repayment of royalties on the revenues received from target countries.

Exposure to new markets and potential partners: This incentive program creates bridges between entrepreneurs and potential partners in target markets.

For further details: GCI – Grand Challenges Israel Incentive Program

The Processing Stages of an Application

  1. Applying for support in R&D
  2. 2 Receiving applications and appointing the Head of Sector
  3. Appointment of a professional evaluator
  4. Application evaluation and submission of review
  5. Financial inspection (optional)
  6. Examination of the review and recommemdation
  7. Comments and recommendations for the review by the internal parties
  8. Discussion and decision on approval or rejection of the application
  9. Notification to the company of the Committee’s decision
  10. Preparation of documents for the initiation of the project
  11. Signing of documents and compliance with the terms and conditions 12 Signing of the Letter of Approval
  12. Advance payment according to the periodic report

 

Requests for Innovation Authority assistance can be submitted and followed via the companies’ website.

For further details >>
BO@innovationisrael.org.il​

 

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