Grants For New Business In Israel
- Thread starter jason
- Start date
Here are some of the key grants and support programs for new businesses in Israel, especially for new immigrants (olim):
### 1. **The Ministry of Aliyah and Integration’s Entrepreneurship Grants**
- **What it offers:**
- The Ministry of Aliyah and Integration offers financial support for new immigrants who wish to start businesses in Israel. This program helps with various startup expenses such as marketing, product development, and legal fees.
- The focus is on encouraging economic independence among immigrants and creating job opportunities for others, fostering integration into Israeli society.
- **Grant Amount:**
- The grant varies but generally covers a portion of your startup costs. It is typically a one-time payment and can range from 20,000 to 40,000 NIS (roughly $5,500 to $11,000), depending on the scope of the business plan and the applicant's needs.
- **Eligibility:**
- To qualify, you must be a new immigrant who has been in Israel for fewer than 7 years.
- You must present a solid, viable business plan and demonstrate how your business will create employment opportunities or otherwise benefit Israeli society.
- The business should not already be up and running but needs to be in its early stages.
- **How to Apply:**
- Applications are submitted through local branch offices of the Ministry of Aliyah and Integration. You’ll need to provide detailed business plans and show that you meet all the criteria for eligibility.
### 2. **The Israeli Innovation Authority (IIA) Grants**
- **What it offers:**
- The Israeli Innovation Authority (IIA) offers grants and support for startups involved in technological and innovative projects. This is ideal for businesses working on research and development (R&D) or creating new technologies.
- The goal is to promote technological innovation in Israel and foster the growth of high-tech companies.
- **Grant Amount:**
- Grants typically cover a significant portion of R&D expenses, usually between 20% and 50% of your R&D budget, depending on your company’s status and the specific project.
- The grant amount can vary widely based on the stage of development, the size of the business, and the type of technology or product being developed.
- **Eligibility:**
- Your business must focus on innovative technology or products with high potential for economic impact.
- While the IIA does not require that the business be registered in Israel before applying, the project must have significant ties to Israel.
- The business must have a clear, innovative edge over existing products or services in its field.
- **How to Apply:**
- You must submit a proposal detailing your project’s potential for innovation, its technical feasibility, and how it aligns with the IIA’s goals. The IIA evaluates the business based on its market impact, technological innovation, and financial sustainability.
### 3. **The Small and Medium Business Authority**
- **What it offers:**
- This authority provides support to small and medium businesses (SMBs) through grants, low-interest loans, and consulting services. They aim to help businesses overcome early-stage challenges and expand in Israel.
- The grants typically go toward improving infrastructure, developing new products, expanding into new markets, or enhancing operational efficiency.
- **Grant Amount:**
- The grants vary but may cover up to 30-50% of the total project cost, typically capped at around 100,000 NIS ($27,000).
- **Eligibility:**
- The business must fall within the small and medium business category (typically with fewer than 100 employees).
- The business must be registered in Israel and be actively seeking to expand or improve its services or operations.
- The project must focus on business development, creating jobs, or improving product/service offerings.
- **How to Apply:**
- Applications are processed through local Small and Medium Business Authority offices. You’ll need to submit detailed business plans, including how the grant funds will be used.
### 4. **KIVA Israel**
- **What it offers:**
- Kiva Israel is part of the global Kiva network, which provides micro-loans to businesses, especially those with a social impact. These loans are crowd-funded and interest-free, making them an attractive option for new businesses.
- The idea is to provide financial assistance to businesses that may not qualify for traditional loans or grants but have the potential to positively impact their communities.
- **Loan Amount:**
- Kiva offers loans of up to $10,000 (around 36,000 NIS). The terms are flexible, with no interest and extended repayment options.
- **Eligibility:**
- Your business should have a clear social or community focus. Kiva is ideal for enterprises that aim to improve the social, environmental, or economic conditions of the local community.
- The business must be viable and have a repayment plan in place.
- **How to Apply:**
- To apply, businesses must create a Kiva profile and submit their business plan. Loan requests are reviewed by Kiva’s community of lenders, who decide whether to fund the business.
### 5. **The Israel Export Institute**
- **What it offers:**
- The Israel Export Institute helps businesses that are looking to expand outside of Israel. They offer grants to businesses in a range of industries, including manufacturing, agriculture, and high-tech, to assist with market research, promotion, and export-related expenses.
- This can be particularly useful for new businesses that want to explore international markets.
- **Grant Amount:**
- The grants vary based on the business type and the stage of development, but they typically cover up to 50% of eligible export costs, with caps depending on the specific program.
- **Eligibility:**
- Businesses must be actively involved in production or services that can be exported.
- New businesses focusing on export or scaling their operations internationally are prioritized.
- **How to Apply:**
- You’ll need to submit a detailed export plan, showing which markets you intend to target, how you’ll enter those markets, and what kind of promotional efforts you plan to undertake.
### 6. **Mifal HaPais Lottery Grants**
- **What it offers:**
- Mifal HaPais, Israel's national lottery, offers grants for initiatives that support cultural, social, and community development. If your business has a significant community impact, you may qualify for funding.
- **Grant Amount:**
- The size of the grants varies, but typically they focus on projects that have a broad social or cultural benefit.
- **Eligibility:**
- Applicants must demonstrate that their business will provide significant benefits to the community or society, whether through job creation, education, or cultural initiatives.
- **How to Apply:**
- Grants are awarded through an application process, where you’ll need to provide a proposal detailing the community or social impact of your business.
### Additional Resources for Entrepreneurs in Israel:
- **Incubators and Accelerators:** There are several private incubators in Israel, such as *The Trendlines Group* and *360 Capital*, which offer both financial investment and mentorship in exchange for equity.
- **Venture Capital Funds:** Many venture capital funds in Israel offer funding to early-stage startups, including those started by new immigrants.
### Summary
Starting a business in Israel as a new immigrant is supported by various government programs, grants, and private-sector initiatives aimed at fostering innovation, job creation, and economic integration. Be sure to carefully review the eligibility requirements for each program and prepare a solid business plan to increase your chances of receiving funding. You can also consider reaching out to business consultants or local organizations that can assist with applications and navigating the process.
Would you like more specific advice on how to approach the application process for any of these programs?
### 1. **The Ministry of Aliyah and Integration’s Entrepreneurship Grants**
- **What it offers:**
- The Ministry of Aliyah and Integration offers financial support for new immigrants who wish to start businesses in Israel. This program helps with various startup expenses such as marketing, product development, and legal fees.
- The focus is on encouraging economic independence among immigrants and creating job opportunities for others, fostering integration into Israeli society.
- **Grant Amount:**
- The grant varies but generally covers a portion of your startup costs. It is typically a one-time payment and can range from 20,000 to 40,000 NIS (roughly $5,500 to $11,000), depending on the scope of the business plan and the applicant's needs.
- **Eligibility:**
- To qualify, you must be a new immigrant who has been in Israel for fewer than 7 years.
- You must present a solid, viable business plan and demonstrate how your business will create employment opportunities or otherwise benefit Israeli society.
- The business should not already be up and running but needs to be in its early stages.
- **How to Apply:**
- Applications are submitted through local branch offices of the Ministry of Aliyah and Integration. You’ll need to provide detailed business plans and show that you meet all the criteria for eligibility.
### 2. **The Israeli Innovation Authority (IIA) Grants**
- **What it offers:**
- The Israeli Innovation Authority (IIA) offers grants and support for startups involved in technological and innovative projects. This is ideal for businesses working on research and development (R&D) or creating new technologies.
- The goal is to promote technological innovation in Israel and foster the growth of high-tech companies.
- **Grant Amount:**
- Grants typically cover a significant portion of R&D expenses, usually between 20% and 50% of your R&D budget, depending on your company’s status and the specific project.
- The grant amount can vary widely based on the stage of development, the size of the business, and the type of technology or product being developed.
- **Eligibility:**
- Your business must focus on innovative technology or products with high potential for economic impact.
- While the IIA does not require that the business be registered in Israel before applying, the project must have significant ties to Israel.
- The business must have a clear, innovative edge over existing products or services in its field.
- **How to Apply:**
- You must submit a proposal detailing your project’s potential for innovation, its technical feasibility, and how it aligns with the IIA’s goals. The IIA evaluates the business based on its market impact, technological innovation, and financial sustainability.
### 3. **The Small and Medium Business Authority**
- **What it offers:**
- This authority provides support to small and medium businesses (SMBs) through grants, low-interest loans, and consulting services. They aim to help businesses overcome early-stage challenges and expand in Israel.
- The grants typically go toward improving infrastructure, developing new products, expanding into new markets, or enhancing operational efficiency.
- **Grant Amount:**
- The grants vary but may cover up to 30-50% of the total project cost, typically capped at around 100,000 NIS ($27,000).
- **Eligibility:**
- The business must fall within the small and medium business category (typically with fewer than 100 employees).
- The business must be registered in Israel and be actively seeking to expand or improve its services or operations.
- The project must focus on business development, creating jobs, or improving product/service offerings.
- **How to Apply:**
- Applications are processed through local Small and Medium Business Authority offices. You’ll need to submit detailed business plans, including how the grant funds will be used.
### 4. **KIVA Israel**
- **What it offers:**
- Kiva Israel is part of the global Kiva network, which provides micro-loans to businesses, especially those with a social impact. These loans are crowd-funded and interest-free, making them an attractive option for new businesses.
- The idea is to provide financial assistance to businesses that may not qualify for traditional loans or grants but have the potential to positively impact their communities.
- **Loan Amount:**
- Kiva offers loans of up to $10,000 (around 36,000 NIS). The terms are flexible, with no interest and extended repayment options.
- **Eligibility:**
- Your business should have a clear social or community focus. Kiva is ideal for enterprises that aim to improve the social, environmental, or economic conditions of the local community.
- The business must be viable and have a repayment plan in place.
- **How to Apply:**
- To apply, businesses must create a Kiva profile and submit their business plan. Loan requests are reviewed by Kiva’s community of lenders, who decide whether to fund the business.
### 5. **The Israel Export Institute**
- **What it offers:**
- The Israel Export Institute helps businesses that are looking to expand outside of Israel. They offer grants to businesses in a range of industries, including manufacturing, agriculture, and high-tech, to assist with market research, promotion, and export-related expenses.
- This can be particularly useful for new businesses that want to explore international markets.
- **Grant Amount:**
- The grants vary based on the business type and the stage of development, but they typically cover up to 50% of eligible export costs, with caps depending on the specific program.
- **Eligibility:**
- Businesses must be actively involved in production or services that can be exported.
- New businesses focusing on export or scaling their operations internationally are prioritized.
- **How to Apply:**
- You’ll need to submit a detailed export plan, showing which markets you intend to target, how you’ll enter those markets, and what kind of promotional efforts you plan to undertake.
### 6. **Mifal HaPais Lottery Grants**
- **What it offers:**
- Mifal HaPais, Israel's national lottery, offers grants for initiatives that support cultural, social, and community development. If your business has a significant community impact, you may qualify for funding.
- **Grant Amount:**
- The size of the grants varies, but typically they focus on projects that have a broad social or cultural benefit.
- **Eligibility:**
- Applicants must demonstrate that their business will provide significant benefits to the community or society, whether through job creation, education, or cultural initiatives.
- **How to Apply:**
- Grants are awarded through an application process, where you’ll need to provide a proposal detailing the community or social impact of your business.
### Additional Resources for Entrepreneurs in Israel:
- **Incubators and Accelerators:** There are several private incubators in Israel, such as *The Trendlines Group* and *360 Capital*, which offer both financial investment and mentorship in exchange for equity.
- **Venture Capital Funds:** Many venture capital funds in Israel offer funding to early-stage startups, including those started by new immigrants.
### Summary
Starting a business in Israel as a new immigrant is supported by various government programs, grants, and private-sector initiatives aimed at fostering innovation, job creation, and economic integration. Be sure to carefully review the eligibility requirements for each program and prepare a solid business plan to increase your chances of receiving funding. You can also consider reaching out to business consultants or local organizations that can assist with applications and navigating the process.
Would you like more specific advice on how to approach the application process for any of these programs?
