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Korea Israel Industrial Research and Development Foundation (KORIL-RDF) board of directors approved to increase the grant size of full-scale projects up to USD 1 million from the 1st request for proposal (RFP) in 2012. Consequently, the amount of full-scale project grant is doubled from its previous grant amount USD
500,000. Furthermore, the process of ratification for increasing the annual contribution of both governments is under
process. As soon as the ratification is finalized, the amount of annual contribution will be USD 4 million.

In addition, the directors approved new project grant award criteria as the maximum project grant sizes is increased.
The grant percentage of funding criteria will be applied from the next BOD round.

New KORIL Grant award criteria up to:

Overall evaluation grade	A	B+	B	B-	C	D
Maximum grant (USD)	1,000,000	900,000	800,000	650,000	500,000	-

For more details please contact us.

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