Timeline

(Please note: this timeline is subjected to changes.

Final timeline will be published on  KORIL and IIA website)

·         STEP 1. First proposal: “Expression of Interest (EOI)”. This CFP will be open until 17 May. KORIL-RDF will not accept proposals after 17 May, 18:00 (KST), 12:00 (IST). Eligibility notice to applicants will be informed by Mid June 2023.

·         STEP 2. Final Proposal     – will be open until Mid September. KORIL-RDF will not accept proposals after Mid September –

only consortium who is approved its EOI can apply.

·         Final Approvals / Rejections will be sent after BOD decisions. Next BOD: Dec 2023

·         All applications should be jointly written in English and submitted both to KORIL offices simultaneously, by all parties of consortiums together, and to the Israel Innovation Authority online system by the above deadline

Who can apply?

·         Industry-Academia-Research consortiums from the Republic of Korea and the State of Israel

·         The consortiums must involve at least one company and one research institution (university or institute) from each country

(2 or 3) x (2 or 3), no more than 6 entities in total

·         Academia as a subcontractor in the consortium can get up to 30% of the budget (each side)

Eligible technology sectors

• Autonomous Vehicles
• Electric vehicles
• Aviation
• Railroad
• Maritime solutions

Funding for project

·         The maximum grant funding per project is up to US $ 5,000,000 or 30- 66% of the eligible cost, whichever is lower

·         Project duration is up to 3 years

Evaluation Criteria

·         Level of Innovation/Novelty

·         Technical Capabilities

·         Financial Capability

·         Commercialization/Marketing Capability

·         Synergy Between Entities

·         Complementarity

·         Potential for Commercialization Success – Letter of Intention (LOI) from a global company