UK Businesses Encouraged to Work with Partner Businesses in Israel

UK Businesses Encouraged to Work with Partner Businesses in Israel

UK businesses can apply for a share of £1.5 million to work with partners in Israel on innovative products and services that target global markets.

UK businesses are being encouraged to work with partner businesses in Israel on ideas for innovative products and services in all areas of the economy.

Projects must:

  • have a clear game-changing idea that could lead to new products, processes or services and deliver economic growth
  • demonstrate a strong business and financial plan and team to deliver it
  • have awareness of the risks
  • demonstrate the benefits of partners from the 2 countries working together

The funding competition builds on a memorandum of understanding on industrial collaboration signed by the UK and Israel in 2017.

The programme is being run under the EUREKA framework, an intergovernmental network that supports research and development by business across 41 European states and some states outside Europe.

Innovate UK has up to £1.5 million to invest in UK projects working with Israeli partners. The Israel Innovation Authority will support the work of Israeli partners. Innovate UK expects UK project costs to be between £200,000 and £250,000.

The competition opened on 11 November 2019, and the deadline for registration is at midday on 19 February 2020.

Businesses of any size can apply and must work with at least 1 business partner in Israel. You can find out more about applying for Innovate UK funding here.

Image: Suyoung Kwak

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Sebastien Fontenoy holds an MBA degree and writes about entrepreneurship, startups and finance.