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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
30~66% of total budget
(in exceptional cases
up to 66% 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

IT BT NT NewMaterials ET

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.

Qualifications will be deprived if

Application Period

Application Procedure

※ Please refer to KORIL procedures for further details.