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KORIL Fund

How Funding Works

Types of Programs

Program

Feasibility KORIL R&D KORIL Pilot Lighthouse
Total Budget Up to 100K Unlimited
Grant size 50% of
total budget
Max. 50K USD
30~50% of
total budget
Max. 3M USD
30~50% of
total budget
Max. 1M USD
30~50% of
total budget
Max. 5M USD
Submission All year Twice a year Once a year
Project Duration Up to 6 months Up to 2 years Up to 1 year Up to 3 years
Sector All sectors except defense Selected by the BOD
TRL Pre-R&D 3-4 4-6 6-8 3/4- 7/8

Eligibility

Eligible Industry Fields

  • The technology must be capable to commercialize and, also near commercialization or new market creation.
IT BT NT NewMaterials ET
  • It must be considered whether the technology could be potentially profitable through commercialization in industry fields such as IT (Information Technology), BT (Biology Technology), NT (Nano Technology), New Materials, ET(Environment Technology) and Aerospace Technology.

Qualification

A Korean or Israeli private company must apply with a partner company with desire for joint industrial R&D collaborations and commercialization of technologies.
  • Any incorporated companies including large enterprises, SMEs and venture companies.

Qualifications will be deprived if

  • The proposed technology is same as the technology which is already supported by Korean or Israeli government
  • The companies violate the law or regulation in Korea or Israel
  • The companies do not comply with the policy or the regulation of KORIL-RDF

Application Period

  • All call for proposal will be published on different media channels such as: KORIL-RDF Website, Ministry of Trade, Industry & Energy(MOTIE), Israel Innovation Authority, other related institutions, magazines etc.

Application Procedure

  • Submit a joint R&D proposal prepared by both a Korean company and an Israeli company. A proposal should be submitted to both offices in Israel and Korea.

? Please refer to KORIL procedures for further details.