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Israel’s Innovation Authority (IIA) is designed to encourage and support the early stage development of the technological innovation ecosystem in Israel. As such it offers many different programs to support startups from pre-seed stage onwards. Incubit operates within the framework of the IIA’s Incubator Incentive program.
As part of the program. the IIA asks for 20-50% equity in the incubated companies held by the Incubator operator, in return for a complementary investment of 15% of the R&D costs. The other 85% of R&D costs are funded for no equity.
The incubator is obligated to provide incubated companies with comprehensive assistance including physical office space, business guidance, access to partners, exposure to potential investors and customers, legal advice and administrative support.
As this is a state-sponsored program it is also regulated in a few areas. Here is a high level overview of the regulations associated with IIA funding programs::
You can read more about the IIA’s Incubator Incentive Program here.
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