NIS 1 Billion Fast-Track Program for Startups and Early-Stage Growth Companies Affected by the Depreciation of the US Dollar

About

A fast-track funding program designed to support startups and early-stage growth companies in Israel that are facing operational challenges due to currency depreciation, providing grants to extend their runway and support ongoing research and development efforts.

Benefits

• 💰Financial Support
  Grants covering 33% or 50% of the required funding, up to NIS 15 million
• 🎓Extended Runway
  Allows companies to extend their operational runway by an additional six months
• 📈Research and Development
  Support for ongoing research and development activities to achieve technological milestones
• 🌐Competitive Positioning
  Helps companies enter their next funding round from a stronger position
• 🎤Accelerated Application Process
  Fast-track application review and approval process for quicker access to funds

Eligibility Criteria

• Open to startups and early-stage growth companies with less than 12 months of operational runway
• Must have annual expenses between NIS 1.5 million and NIS 100 million
• At least 50% of total expenditures must be allocated to research and development
• Company must be no more than 15 years old
• Companies must demonstrate that at least 50% of their revenues are generated in foreign currency if they have not raised capital in the past three years

Participation Commitments

• Must submit a detailed business plan along with a comprehensive research and development plan
• Applications will be evaluated based on the quality of the company and its technological assets
• Companies must match the grant with additional financing sources
• Must demonstrate the impact of currency depreciation on operations

Target Sector

Technology and Innovation

Target Location

Open to startups in Israel