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<strong>in</strong>tended for engag<strong>in</strong>g <strong>in</strong> <strong>in</strong>dependent <strong>in</strong>dustrial manufactur<strong>in</strong>gand commercial activity (<strong>in</strong>clud<strong>in</strong>g <strong>the</strong> software and process<strong>in</strong>gsector) and which have been approved by <strong>the</strong> IndustrialIncubators Committee.The Industrial Incubator project is a program for <strong>the</strong> cont<strong>in</strong>uousengagement <strong>in</strong> research and development <strong>in</strong>clud<strong>in</strong>gexperiments or eng<strong>in</strong>eer<strong>in</strong>g activity for perfection of <strong>the</strong>product (<strong>in</strong>clud<strong>in</strong>g Beta -Site), preparation for production and/or preparation of production portfolios and/or commencementof production of <strong>the</strong> product <strong>in</strong> small series, preparation <strong>in</strong>market<strong>in</strong>g and/or commercialization of <strong>the</strong> products <strong>in</strong> <strong>the</strong> localand <strong>in</strong>ternational market, rais<strong>in</strong>g <strong>in</strong>vestment for <strong>the</strong> projectcompany, design<strong>in</strong>g <strong>the</strong> product, tra<strong>in</strong><strong>in</strong>g of skilled personnel<strong>in</strong> production of <strong>the</strong> project, establishment of operational<strong>in</strong>frastructures, participation <strong>in</strong> professional exhibitions andconferences, and receipt of consult<strong>in</strong>g services <strong>in</strong> a range ofareas connected with build<strong>in</strong>g <strong>the</strong> project company and its<strong>in</strong>dustrialization.The scale of <strong>the</strong> State's participation is up to 50% of <strong>the</strong>approved budget, with <strong>the</strong> Industrial Incubators Committeehav<strong>in</strong>g <strong>the</strong> authority to <strong>in</strong>crease <strong>the</strong> rate of participation to upto 66% of <strong>the</strong> approved budget, this be<strong>in</strong>g only <strong>in</strong> respect ofnew project companies absorbed <strong>in</strong>to an <strong>in</strong>dustrial <strong>in</strong>cubator<strong>in</strong> <strong>the</strong> outly<strong>in</strong>g areas, that have not emanated from <strong>in</strong>cubatortechnologies. In any event <strong>the</strong> State grant will not exceed atotal of NIS 500,000 per project <strong>in</strong> each year of operation.2.3 Bio-Technology Incubator-This <strong>in</strong>cubator constitutes a center for ventures <strong>in</strong> <strong>the</strong> field ofBio-Technology and provides projects <strong>in</strong> <strong>the</strong> <strong>in</strong>cubator with anorganizational framework and various appropriate resourceswhich assist <strong>in</strong> <strong>the</strong> carry<strong>in</strong>g out of research and developmentprojects <strong>in</strong> <strong>the</strong> field of bio-technology.A project that is accepted <strong>in</strong>to an <strong>in</strong>cubator receives a loanfrom <strong>the</strong> State amount<strong>in</strong>g on average to 80% of <strong>the</strong> recognizedexpenditure and up to a level of NIS 6.5 Million for a period of 3years.Fur<strong>the</strong>r details about <strong>the</strong> Incubators Program can befound on <strong>the</strong> M<strong>in</strong>istry's website: www.moital.gov.il underIndustrial Research and Development - Chief Scientist.The Chief Scientist's Research and Development Fund-The Research and Development Fund provides support for aprogram of R&D for <strong>the</strong> development of an <strong>in</strong>novative product.The amount of <strong>the</strong> grant provided is between 20%-50% of<strong>the</strong> approved budget. The R&D is carried out <strong>in</strong> DevelopmentRegion A (namely, <strong>the</strong> Negev) which is entitled to an additionalgrant of 10% of <strong>the</strong> amount of <strong>the</strong> grant approved by <strong>the</strong> ChiefScientist's Research Committee. An addition of 25% to <strong>the</strong>amount of <strong>the</strong> grant decided by <strong>the</strong> Research Committee willbe provided for a research and development program be<strong>in</strong>gcarried out <strong>in</strong> a region described as a "friction zone". Fur<strong>the</strong>rdetails can be obta<strong>in</strong>ed on <strong>the</strong> M<strong>in</strong>istry's site under <strong>the</strong> head<strong>in</strong>g"Industrial R&D - Chief Scientist".34 < <strong>Invest</strong> <strong>in</strong> <strong>the</strong> Negev and Galilee

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