The Korea-Israel Industrial Research and Development Foundation (KORIL-RDF) is happy to announce that the mini scale project funding model has been enlarged from $200,000 to $400,000.

The mini scale project is for a term of up to one year, & proposals may be submitted year round - no deadline.

Following standard KORIL technical evaluation & due diligence procedures, such proposals may be approved by the Chief Executive of KORIL. Board of Directors approval is not required.

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 TypeMaximum budget for projectMaximum grant from KORILMaximum Project term 
Feasibility Study $60,000 $30,000 3 Months
Mini Scale $400,000 $200,000 12 Months
Full Scale Unlimited $1,000,000 26 Months

KORIL grant award criteria up to:

Overall Grade AB+BB-CD
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

For more details, please contact our Office at +82-2-747-9443  or by Email: info@koisra.co.kr

Looking for more information regarding KORIL-RDF Projects?

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