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3. The Framework Program of the European Union for R&DThis is the biggest program in global terms for scientific andindustrial cooperation. ISERD is the administrative bodyestablished by the Government of Israel to promote theparticipation of Israeli entities in the framework program.The current program - the seventh, is built from four mainprograms, which are engaged in the principal components ofEuropean R&D and which are detailed on the Administration'sWebsite. Participation in this program opens the door to Israelientities to strategic intergration into the research, developmentand marketing strategy in Europe. The criteria for the evaluationof a project seeking to participate in the framework programare: scientific and technological excellence, benefit, andquality of the consortium. The grants that are given to bodieswho qualify for financing are up to 75% of their expenditurefor carrying out the project and they are totally exempt frompayments of royalties and repayments.Further details of the seventh program are on theProgram Administration's website the address of whichis: www.iserd.org.il4. Generic Technological Development and transfer ofknow-how from Academia to Industry.5.1. Generic Technology R&D (GTRD) - "Magnet"-The "Magnet" Program operates within the office of the ChiefScientist with the aim of reinforcing the long term competitivetechnological advantage of industry in Israel by supporting thedevelopment of generic technology infrastructures that will actas a platform for the development of future products.Technological infrastructure development is based oncollaboration between a number of industrial corporations anduniversity research institutes which expresses itself in terms ofjoint activity as part of a consortium or association of the users.The amount of the grant provided in the GTRD framework toan industrial manufacturing company is 66%, and up to 80% tothe Research Institute.5.2. "Magneton" -Aim of the program is the encouragement of a transfer oftechnologies from academia to industry, in order to exploit theachievements of academic research in an industrial application,and for development of a product possessing economicpotential. The program is based on dual collaboration betweenthe academic research group and the industrial manufacturingcompany - and this by way of an aid grant for a project inorder to prove its feasibility, it being a working program of thepartners in terms of technological or system-related feasibilityfor continuation of product development in industry and tofacilitate an orderly transfer of technology from the researchbody to industry. The project period, and of the grant, isbetween 12 to 24 months.Extent of the grant: for an approved scheme, it will amount toup to 66% of the approved budget, with the approved budget forevery scheme being for an amount not exceeding NIS 3,400,000.35 < Invest in the Negev and GalileeMinistry of Indusry, Trade and Labor > Negev and Galilee Development Center