Nearly $3 million earmarked for innovative Israeli tech for people with disabilities
Israel Innovation Authority and National Insurance Funds want to promote research and development of life-changing technologies
Hagar Ravet | 11:55 07.06.2020
The Israel Innovation Authority (IIA) and the National Insurance funds issued a call for proposals on Sunday for the development of technologies for people with disabilities. Companies and non-profit organizations are eligible for funding of up to 85% of their R&D budget (65% for companies five years old or younger and 85% for non-profits) and up to NIS 900,000 (approximately $260,000) for a period of 12 months. The total funding for the project stands at $2.9 million. The projects considered for funding will be evaluated according to the degree of their contribution to the target population, the organizations’ experience with the target population, the founder and development team’s background, the business model (including price accessibility for Israelis), and market size. The funding path focuses on several key areas, including: rehabilitative health, vision, hearing, cognitive abilities, communication, education, mobility, motor abilities, posture, and services related to sports and leisure.