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KORIL Fund

Lighthouse Program

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

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