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OCS - Tnufa Program
Our Mission Bridging the gap between Israeli inventors and the business world
Our Clients n n Individual inventors Startup companies at the pre-seed stage
Evaluation Criteria n Team: technological background, relevant industry experience, team players. n Business opportunity: value proposition, market size, entry barriers. n Technology: patentability. feasibility, novelty,
Our Activities Providing grants of up to 200, 000 IS (up to 85% of the approved budget) for preliminary R&D programs. n Assistance in locating investors and strategic partners. n Workshops and personal consultations for entrepreneurs. n
Pre-R&D goals n n n Protection of intellectual property. Technological proof of concept. Market research and business planning.
Eligible Expenses Components and materials n Sub-contractors and professional consultants n Tools n Patent application fees n Business development n
Unique benefits for Inventors n The only available government support for “garage” enterprises. The inventor may still keep his current job, until he raises VC funding. n Simple and friendly procedures. n
The Outcome ~120 qualified projects every year. n ~20% reach the next stage of financing. n ~100 Million shekel direct and multibillion accumulative added value to the Israeli economy annually. n
Examples of Exit Strategies Ø Ø Ø Appli. Cure – Internet security – listed on TASE. Red Bend – wireless –VC funding + bootstrapping Free. Link – alarm technology - acquired by Crow Group (Israel). Netzer Precision – motion sensors -acquired by Sick AG (Germany). Tradium – Internet commerce - acquired by Vertical Net (USA) for $M 500.
Thank You! Jacob Fisher Director Tnufa Program Office of the Chief Scientist, MOITAL Tel. 972 -3 -5165044, ext 208 Fax: 972 -3 -5165090 Mail: [email protected] org. il www. tnufa. org. il