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5Research & Development (R&D)The Office of the Chief Scientist (OCS) of the Ministry ofEconomy and Trade is responsible for implementing governmentpolicy regarding the support and encouragement of industrialresearch and development in Israel. Research & developmentgrants are available from the OCS at rates ranging from 20% to85% of the approved budget. R&D grants of up to 50% may alsobe available from a number of bilateral funds signed betweenIsrael and: Maryland, New York, Wisconsin, Massachusetts,Colorado, Oregon and Virginia, USA; UK, Belgium, France,Germany, Italy, the Netherlands, Portugal, Spain, Sweden,Canada, Hong Kong, India, Korea, China, Australia, Singaporeand Taiwan.Development of Novel ProductA single or multi-year program that will provide know-how, processes or methodsfor the manufacture of a new product or the major improvement of an existingone or a new process or a major improvement in an existing process. Theproduct must have a sizeable potential for export sales. Support is in the form ofa conditional grant amounting to 30-50% of the approved R&D budget.Support for Start-Up CompanySupport is in the form of a conditional grant of 66% of the approved R&D budgetup to a maximum of $250,000 per year for up to two years. Any approved R&D