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The Ministry of Knowledge Economy (MKE) of Korea and the Office of the Chief Scientist (OCS), Ministry of Industry,
Trade and Labor (MOITaL) of Israel are the two Cooperating Authorities responsible for implementing
this Agreement.
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- Share experiences in national R&D policies and programs of each country
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- Promote the activities of each private sector to intensify bilateral industrial R&D cooperation
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- Facilitate the identification of specific projects or partnerships between Korean and Israeli companies that can lead
to industrial R&D cooperation
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- Coordinate and focus suitable government resources and programs to enhance commercial relations and industrial
cooperation including the establishment of a joint industrial R&D cooperation initiative
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- Give expression to the initiative through the establishment of an Industrial R&D Fund between Korea and Israel to
support mutually agreed Industrial R&D Cooperation Projects between entities from the Parties, leading to
commercialization in the global market and, in particular, the Asia Pacific region.
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In accordance with the Agreement, Korea-Israel Industrial R&D Foundation was established in May 2001 by the
governments of Korea and Israel. KORIL-RDF supports industrial R&D projects that lead to potential
commercialization and contribute to the economic progress of the two countries; furthermore, to promote and
encourage joint industrial R&D collaborations between firms in Korea and Israel.
KORIL-RDF plays a pivotal role in managing joint R&D fund, an equal sum of USD 1.5 million per year raised by both
governments and in the efficient allocation of funds to participating companies. KORRL-RDF supports approved joint
projects by disbursing cash grants up to 50% of the eligible R&D cost to a maximum of USD 500K. These grants are
subjected to repayment, up to but not beyond the total funded amount, should there be commercial revenues arising
from the projects.
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- Technology Related Event
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- Industrial Delegation to Israel
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- Project approval and funding to companies
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- Matchmaking businesses between Korea and Israel
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- Mediation and communication between Korean & Israeli government agencies
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- Consultation for prospective Korean and Israeli companies for joint R&D projects
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About KORIL-RDF > Mission & Activities
