Fast-Track Funding Program Israeli Tech Companies Program's Description As a quick response to the challenges tech companies are facing, as a result of the “Iron Swords” war, the Israel Innovation Authority is offering a “Fast Track” funding program to support technological companies and projects. Goal of the incentive program This funding program operates through the Innovation Authority’s R&D fund and is designed for innovative Israeli tech companies with a short runway (up to 6 months) that are in the process of raising capital. Those companies that experience challenges in raising capital due to the situation and in need of bridge funding, are the target of this program. Who is the incentive program for? The fast track is designed for Israeli companies who are in the midst of development/early sales with substantial assets (technologies, unique team, consumers etc). What do you get? The Innovation Authority will offer up to 7.5 million NIS grants under this program, 50% of which will be matched by existing or new investors. https://lnkd.in/evWas9nr
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6 Months of Israeli Innovation in War: Tech Sector Demonstrated Outstanding Resilience The Startup Nation Central issued a report that examines the Israeli ecosystem metrics during the first six months of the current conflict. Israel's tech industry is not just surviving: investment flows and VC activities have remained robust. Israel continues to attract investors looking for bold and determined solutions to shared global challenges with high-potential opportunities. Since October 7, 220 private investment rounds raised about $3.1 billion with an average investment amount $19 million. The total sum of M&As since October 7 stands at $3.7 billion. The leading sectors are: - in number of rounds: Health Tech, Enterprise Software Solutions, and Security Technologies. - in the amount raised: Security Technologies with $1.1 billion raised and Fintech and Enterprise Software Solutions with above $0.5 billion each. - Compared to the US market, Israeli tech investment trends mirror those of the American counterpart. The Israeli high-tech sector fuels 14% of GDP, provides 30% of tax revenues, and constitutes 48% of exports. 450 world-leading multinationals have their presence in Israel. The full report can be found: https://bit.ly/3J4Jtqk
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Israeli Innovation Authority Issued A Report, “Israeli High-Tech in 2024” High-tech remains significant and central to the Israeli economy in 2023. It is responsible for 53% of Israeli exports ($73.5 billion) and for 19.7% of the Israeli GDP (338.8 billion shekels). - The value of high-tech services’ exports almost quadrupled since 2013 to reach $52 billion in 2023. - The share of software companies in the high-tech services increased from 40% in 2013 to 71% in 2023 Israeli Approximately 396,000 people were employed in the high-tech sector in 2023, an increase of 10,000 compared to the previous year. Almost 396,000 people are wokring in the Israeli high-tech sector in 2023, 10,000 more than in the previous year and 60% more than in 2014. An examination of the distribution of investments in technology companies in 2023 reveals that, like the trend in previous years, In 2023, Israeli startups raised a total of 8 billion dollars. Most of investments in the Israeli startups are concentrated in the fields of organizational software, cyber and fintech (60%; 2023). The full report is available: https://lnkd.in/dG8kNSqH
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Funding of €58.8 million has been announced for 12 new projects under the Department’s Disruptive Technologies Innovation Fund (DTIF). A total of €364 million has now been awarded to 103 projects under this Fund. Announcing the projects the Minister for Enterprise, Trade and Employment, Simon Coveney TD said: "I am delighted to announce this significant new funding of almost €60m from the Disruptive Technologies Innovation Fund which underlines our commitment to advancing pioneering technology development in Ireland. The projects are diverse and some are potentially life-changing, such as providing a new minimally invasive and targeted treatment for metastatic lung cancer or using AI to detect abnormal brain activity in infants at birth.” Minister for Trade Promotion, Digital and Company Regulation, Dara Calleary said: “I particularly welcome that several projects incorporate the use of cutting-edge technologies such as artificial intelligence, cloud technologies and data analytics. Not only are the projects helping to sustain Ireland’s attractiveness to global technology businesses, but it’s also evidence of a supportive innovation ecosystem which has been put in place to support AI adoption in enterprise which is central to the National AI Strategy.” DTIF continues to drive collaboration between enterprises and research institutions across Ireland, particularly SMEs. A further 22 SMEs are partners in the 12 projects announced today, with 8 of those SMEs leading their project. The 189 SMEs participating in the 103 DTIF projects announced under DTIF Calls to date represent half of the 382 project partners involved. DTIF projects are utilising industrial research and experimental development to create products and services that have the potential to alter markets and the way that businesses operate. The strong industry-academia collaboration which is required under DTIF is key to ensuring that Government investment through this fund is impactful for both the economy and society. The 143 Research Performing Organisations awarded funding in DTIF Calls to date ensures the expertise, training and knowledge necessary to help make the projects a success. A full list of the 12 successful projects is available here 👉 https://lnkd.in/eNsw-uKJ
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Innovation is essential for companies that want to grow. The development of new technologies requires specialist knowledge. Most of the time it is uncertain whether the technology will be successful. This requires a good strategy. The Netherlands, with both large and smaller companies, has a strong position in specific (niche) markets for the high-tech sector which made the Netherlands an ideas hotbed for innovation and creativity. https://lnkd.in/dfy6Xcmp
NATO Innovation Fund to Establish its Headquarters in the Netherlands
investinholland.com
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MITP is more than shaping the local tech landscape; it's making significant strides on the global stage. From 2018 to 2023, MITP has been instrumental in expanding Moldova's tech influence worldwide. Key Highlights: 1. Growth in Foreign Capital: MITP oversaw an addition of 142 companies with foreign capital, emphasizing its attractiveness to global investors. 2. New Company Creation: A whopping 1,200 new companies were established, showcasing MITP's role as a fertile ground for tech entrepreneurship. 3. International Investment: The park welcomed investors from 16 new countries, diversifying its global business connections. 4. Job Creation: Over 11,600 jobs were created, contributing to the national economy and tech workforce. Exports from MITP have been a driving force in Moldova's IT industry growth: - Significant Export Growth: The park's residents contributed to a projected export growth of 33% in 2023 compared to 2022. - Major Export Contributors: Approximately 83% of MITP's resident companies export their products/services, with an estimated export value of 12 billion MDL in 2023. MITP has surpassed traditional industries in export volumes, highlighting Moldova's economy's dynamic and evolving nature. The IT industry's exports have notably exceeded those of the wine industry, a traditional export leader in Moldova. In the heart of Moldova Innovation Technology Park, our top industries - Fintech, Telecom, Government and Entertainment - converge to create a dynamic powerhouse of innovation. These achievements are a testament to MITP's commitment to fostering local IT development and positioning Moldova as a key player in the global tech arena.
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CDO | Strategic Thinker | Industry 4.0 | Portfolio Manager | SaaS | SAFe | OKRs | Lean | Design Thinking | Digital Transformation | Cloud | Microservices | Edge | Data Analytics | Innovation | Agile | APQC | MES | PLM
3 ideas for improving publicly funded innovation While conducting research for my upcoming blog, I came across an insightful diagram that combines Technology Readiness Levels (TRL) and Manufacturing Readiness Levels (MRL). It effectively underscores the challenges faced by innovation funding, especially with many startups collapsing before reaching beyond TRL/MRL 7. It's evident that a more strategic approach is needed, as continuous funding for every startup is unsustainable. Here are three proposed ideas: 1) Innovation Funding League System: Implementing a league system could prove to be a solution, prioritizing the elevation of MRL levels. This approach ensures a more focused allocation of funds, targeting startups with the potential to advance beyond the critical TRL/MRL 7 stage. 2) Two-Sided Marketplace for Technology Start-ups/Scale-ups: Establishing a two-sided marketplace would facilitate collaboration and resource-sharing among technology startups and scale-ups. This platform could foster a conducive environment for knowledge exchange, partnerships, and mutually beneficial transactions, fostering growth within the innovation ecosystem. 3) Data Stewardship for Open/Closed/Shared Data: Introducing a data stewardship role dedicated to managing open, closed, and shared data can significantly benefit startups. This steward would oversee access to valuable datasets, ensuring a fair and transparent distribution that supports innovation without compromising data integrity. https://lnkd.in/e4NMh3gZ
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Ecosystems across the industries Building an innovation ecosystem across industries involves several key strategies: 1. Collaboration and Networking: Encourage collaboration among diverse industries by fostering platforms, events, and spaces where professionals can share ideas and expertise. 2. Open Innovation: Embrace open innovation models that involve external partners, startups, academia, and customers to exchange ideas and solutions. 3. Investment in Research & Development: Allocate resources towards R&D initiatives that encourage cross-industry exploration and experimentation. 4. Support for Startups and Entrepreneurs: Provide support, mentorship, and funding opportunities for startups, fostering an environment where new ideas can flourish. 5. Government Policies and Incentives: Create policies and incentives that encourage innovation, such as tax breaks, grants, and supportive regulatory environments. 6. Education and Skill Development: Promote learning and skill development across industries to encourage the growth of a diverse and adaptable workforce. 7. Technology Integration: Utilize technology to connect industries, automate processes, and facilitate the exchange of information and ideas. 8. Cultural Shift towards Innovation: Foster a culture that embraces risk-taking, experimentation, and learning from failures as a part of the innovation process. By implementing these strategies, industries can create a robust innovation ecosystem that fosters collaboration, creativity, and growth across diverse sectors.
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Innovation Programme - Cohort 4 Innovation Vouchers for Research and Development OPEN CALL FOR APPLICATIONS Are you an #SME or a start-up in #Lebanon looking to innovate your products and/or processes? The European Bank for Reconstruction and Development (EBRD) Innovation Programme gives companies access to research and development #grants to support these #innovations and advancements with a local #researcher. This first component of the programme allows companies to experiment and evaluate the #feasibility of a well-developed idea. The Programme will prioritise SMEs operating in the #agribusiness, #healthcare, #pharmaceutical, #cosmetics, #ICT, and #creative industries and their value chains. Companies that have gone through this first component will be prioritised for the remainder two components of the programme. The second and third component offer additional grants for continued research and development and other technical assistance. For details and application submissions, please follow this link: https://shorturl.at/KQTUZ The deadline is 16 February 2024. If you have any questions or need further clarification about the application process or the programme itself, we invite you to participate in our dedicated information session on Monday, January 22, at 12:00 pm. Please follow this link for registration: https://shorturl.at/dnpPS or contact us on knowhowlebanon@ebrd.com. This programme is funded by the #EuropeanUnion #Lebanon #smes #startups #development #EU
Grow your business in Lebanon: Overview
ebrd.com
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Congratulations to these remarkable 10 companies for securing funding in their latest investment rounds 🚀 1. Bagel 🥯 - $3.1M - Bagel Network is on a mission to redefine social connections, bringing people together over shared interests and meaningful conversations. 2. Huler - $1.9M - Huler is transforming the social media landscape, empowering users to navigate and curate content with unprecedented ease. 3. Motif Neurotech - $18.75M - Motif Neurotech is pushing the boundaries of neuroscience, developing innovative solutions to unlock the mysteries of the human mind. 5. Recurrent Energy - $500M - Recurrent Energy is a powerhouse in sustainable energy, driving the transition to a greener future with massive investments in renewable projects. 6. Polymer Labs - $23M - Polymer Labs is at the forefront of decentralized finance, building a robust ecosystem where blockchain meets innovative financial solutions. 7. Prompt Security - $5M - Prompt Security is enhancing digital safety with advanced cybersecurity solutions, securing businesses in an ever-evolving threat landscape. 8. Turan - $1.16M - Turan is reshaping the world of task management, offering a seamless platform that brings efficiency and organization to your daily life. 9. Apptronik - $15M - Apptronik is a trailblazer in robotics, pushing the boundaries of what's possible in automation and intelligent systems. 10. Welligence Energy Analytics - $41M - Welligence is transforming data analytics in the energy sector, providing actionable insights that drive informed decision-making for a sustainable future. 👉 For more startup funding updates, follow Growth List and sign up to access comprehensive data and contact details
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Activate Innovation Ecosystems | Tech Ambassador | Founder of Alchemy Crew Ventures + Scouting for Growth | Chair, Board Member, Advisor | Honorary Senior Visiting Fellow-Bayes Business School
🌟 Balancing Risk and Innovation in Venture Commercialization. 🌟 In the process of developing commercialization capacity within digitized innovation ecosystems, it becomes evident that there are four principles for augmenting partnerships and establishing unique collaborations between startups and corporations. 1️⃣ Establishing trust: By fostering relationships based on transparency and accountability, startups and corporations can mitigate risks. It is all about the direct regular engagement used to build the foundation for collaboration. 2️⃣ Creating shared value: When startups and corporations align their incentives and define goals, the process paves the way for beneficial partnerships. It is also about ensuring that both side's IPs are being protected. 3️⃣ Encouraging experimentation: Providing sandbox environments allows for the testing and de-risking of ideas and business models, promoting innovation with consequences. Adoption frameworks make this easier, more transparent and repeatable. 4️⃣ Nurturing talent: Accessing skills, knowledge, and creativity unlocks clear innovation potentials, empowering individuals to contribute significantly to the process. These must include internal and external resources to meet the requirement of true open innovation. Voilà!
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