Fast-Track Funding Program Israeli Tech Companies Program's Description As a quick response to the challenges tech companies are facing, as a result of the “Iron Swords” war, the Israel Innovation Authority is offering a “Fast Track” funding program to support technological companies and projects. Goal of the incentive program This funding program operates through the Innovation Authority’s R&D fund and is designed for innovative Israeli tech companies with a short runway (up to 6 months) that are in the process of raising capital. Those companies that experience challenges in raising capital due to the situation and in need of bridge funding, are the target of this program. Who is the incentive program for? The fast track is designed for Israeli companies who are in the midst of development/early sales with substantial assets (technologies, unique team, consumers etc). What do you get? The Innovation Authority will offer up to 7.5 million NIS grants under this program, 50% of which will be matched by existing or new investors. https://lnkd.in/evWas9nr
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