The Israel Innovation Authority is teaming up with the National Israel Digital Initiative at the Ministry of Social Equality to hold a competitive process to select one franchisee that could set up a digital innovation lab. It focuses more on the biotechnology solutions that would help in facing the global challenges in this field.
The purpose of this lab is to put together the excellence in computational biology, unique medical and genomic sources of information, leading information technology, computational and artificial intelligence, and the advanced health system in Israel, to develop innovative biotechnology solutions that also use artificial intelligence that could work in collaboration with Israel and worldwide.
The Israel Innovation Authority will provide up to NIS 6 million for the establishment of a unique technological infrastructure and will fund up to 1 million from the ongoing annual operation of the lab to be established. The Israel Innovation Authority will also participate in the funding of lab companies at a rate of 85% of the approved budget of up to 3 million per project. These will be implemented only on the approval of the research committee regarding the technological feasibility of the projects proposed by the labs and also the benefit on the benefit track.
The New Innovation lab will join the Israel Innovation Authority’s Innovation Labs Program and operate under Subsection C – Technological Innovation Lab in the Digital Health of Benefit Track # 29 – Technology Innovation Labs Program.
A wonderful opportunity for multinational Pharma companies, tech giants, VCs to join forces with leading Israeli industry players and gain exposure to early stage – open innovation with the Israel Innovation Authority’s extensive funding!
The detailed program can be viewed here (specified in Appendix C).
Submit the questions to Labs@innovationisrael.org.il by May 14, 2020
The deadline to submit proposals is September 1 2020 @ 14:00 Hrs.
Interested may kindly contact the Trade and Economic Dept. Israeli Consulate in Bengaluru:
Ms. Veshala Gajaraj
Email: email@example.com Tel: +91-80-49406517