BINATIONAL JOINT R&D PROGRAMS
There are several binational programs, funds and cooperation agreements providing support for R&D companies that carry out joint R&D projects with foreign companies. The following are selected programs
In order to complement the tax benefits and the investment and R&D grants, the government has established additional programs to increase employment in the outlying areas of Israel, in specific centers with high unemployment and to promote special populations. The following are examples of the tracks offered:
SPECIAL BUSINESS TRACKS
HIGH INCOME TRACK
Grants are 25% of the wage costs for a 48-month period, with a maximum monthly salary of US $7,500. Eligible employers must recruit at least 15 new full-time employees at 2.5 times the national average salary.
ANCHOR BUSINESS TRACK
Grants are 25% of the wage costs for a 48-month period, with a maximum monthly salary of US $5,000. The eligible company must recruit at least 100 new employees with salaries at least 1.5 times the national average salary.
CYBER TRACK FOR THE SOUTH REGION
Grants are 33.75% of the wage costs over a period of 48 months, with a maximum monthly salary of US $7,500.
Only cyber-security companies are eligible. The employer must recruit at least 15 new full-time employees to a city in a specific area in the south.
Only Israeli companies can apply for these employment grants. The company turnover must exceed US $100 million, the employment location must be in a national priority area and 60% of the support-contingent employees must reside in the priority area. The Employment period must last 48 months.
SUB SECTOR TRACKS
TRACK FOR POPULATIONS WITH LOW EMPLOYMENT RATES
Fixed participation as a percentage of employee wages (10% - 37.5%), by a particular group, for up to a wage of approximately US $4,000. The participation depends on the social identity of employees (e.g. Ultra Orthodox, ethnic minorities, individuals with disabilities, single parents) and geographic location, with preference to a combination of both.
The rate of participation decreases over time. Grants are for at least 30 months, subject to additional conditions.