KOREA-ISRAEL INDUSTRIAL R&D FOUNDATION

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KORIL Fund

홈

Overview

Korea Israel Industrial R&D Foundation (KORIL-RDF) opt to support a leading R&D project in the field of “Strategic Sector” reflecting the industrial trend and future vision of both governments.

The objective of Lighthouse Program is to combine forces – Industry and Academia – in joint R&D to achieve a significant breakthrough in the field of Strategic Sector, in the sub- segments in which both countries possess complementary skills & R&D demands.

Criteria of the program

Must be in one of the following subjects in Strategic Sector
Must have at least one research institute and one industrial company from each side. a Max. of 3 entities from each side
Total project duration is up to 3 years
Research institutes/Academia a sub-contractor. Max of 30% of the company's budget.
At least 30% of the total budget must be spent in Israel/Korea
The relevant TRL stages for the project are from 3/4 to 7/8

Lighthouse program

Method	Top-down + Bottom-up
Sector	Strategic Sector in chosen sub-segments
Eligibility	Industry-academia consortium (2 or 3) x (2 or 3) No more than 6 entities in total (Academy as a partner in the consortium up to 30% of the budget)
Period of project	up to 3 years
Grant size	30~66% of total budget (in exceptional cases up to 66% of total budget) Max. 5M USD
Proposal Evaluation	On-site interview by local evaluator(s) final decision by Board
Reports	Extended Interim/Final reports In 4 periods
TRL	TRL 3/4-7/8