preface

BDO Israel
DOING BUSINESS IN ISRAEL
7.10.3.5. KORIL - RDF - The Israel-Korea Fund was jointly initiated by
the Chief Scientist and MOCIE (Korean Ministry of Industry
and Commerce). The fund is a Korean non-profit organization
run by representatives from both countries. Each country
deposited US$ 1 million annually into the fund for the first three
years of activity, to finance bi-national R&D projects. The fund
finances R&D 3-year projects for a total of up to 50% of R&D
expenses, or up to US$ 500 thousand, and is designated as a
“conditional grant”. If the project produces sales, the grant is
repaid through royalty payments.
7.10.4. Other International Programs
7.10.4.1. U.S.-Israel Science and Technology Commission - The
Commission was a joint initiative of the late Prime Minister
Itzhak Rabin and United States President Bill Clinton, for
further cooperation between Israel and the United States, and to
add a new dimension to scientific and technological cooperation
between Israeli and U.S. hi-tech companies. The Commission
has two objectives: funding long-term projects with substantial
technological impact and removing any impediments - such as
FDA regulations.
7.10.4.2. BSF - Israel-U.S. Bi-national Science Foundation provides
assistance to scientists and start-up programs. The grants are
intended to support 18 months of a two-year research program,
with the objective of providing seed money to young
independent scientists.
7.10.4.3. Bi-National R&D Agreements - Promotes R&D cooperation
between Israeli and foreign companies, while each company is
assisted by its home country. These agreements were signed
with Austria, Belgium (Flanders), Canada, China, Finland,
France, Germany, Hong Kong, India, Ireland, the Netherlands,
Portugal, Spain, Sweden and the United Kingdom.
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