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You are here Business Data KORIL RDF - Call for Proposals for the first funding round of 2014

KORIL RDF - Call for Proposals for the first funding round of 2014

koril-fundThe Korea-Israel Industrial Research and Development Foundation (KORIL-RDF) first funding round for 2014 is open. KORIL-RDF invites Korean and Israeli companies to submit new joint R&D project proposals for funding approval in the first half of 2014.

KORIL-RDF is a bi-national foundation, created by the governments of the State of Israel and the Republic of Korea, whose mission is to promote & support technological collaboration in innovative R&D between commercial companies in both countries. The products developed in these joint-ventures must have a civilian application and be market oriented. Grants can be obtained for up to 50% of the R&D costs of a project, capped at US$1 million (shared between the two companies).

KORIL-RDF projects are categorized into three types:

Project Type Maximum budget for project Maximum grant from KORIL Maximum Project term 
Feasibility Study  $60,000  $30,000  3 Months
Mini Scale  $200,000  $100,000  12 Months
Full Scale  Unlimited  $1,000,000  26 Months

KORIL grant award criteria up to:

Overall Grade  A B+ B B- C D
Maximum Grant % of funding  50% 45%   40% 35% 30% Project rejected
Maximum Grant  $1,000,000  $900,000  $800,000 $650,000 $500,000 $0

Full scale Joint proposals should be submitted to KORIL no later than February 10, 2014.

For more details please contact KOISRA.