The 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:
|Maximum Grant % of funding||50%||45%||40%||35%||30%||Project rejected|
Full scale Joint proposals should be submitted to KORIL no later than February 10, 2014.
For more details please contact KOISRA.
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