IIA Launches Bio-Convergence Grant for Israeli-South Korean Collaborations
CTech – Israeli government investment arm the Israel Innovation Authority (IIA) through the Korea-Israel R&D Foundation announced Tuesday the launch of an open call for bio-convergence projects that include collaborations between Israeli and South Korean companies.
Projects in the following areas of bio-convergence will be considered for a grant: nanorobotics for bio-advanced engineered drug delivery and diagnostics systems, advanced therapeutics discovery systems, tissue engineering, bio-electronics and electroceuticals, and bio-sensors and hybrid devices.
IIA will choose up to two projects for grants of up to NIS 7 million (approximately $2 million) to cover up to 50% of each project’s research and development expenses.
“Leadership in groundbreaking bio-convergence technologies requires a combination of Israeli and international technological expertise in the fields of engineering and biology. To this end, the International Collaboration Division at the Israel Innovation Authority is utilizing a variety of tools in conjunction with leading global partners in this field,” Avi Luvton, VP International Collaboration Division at the Israel Innovation Authority said in a statement.
“This includes Korea, with whom the Authority operates a bi-national foundation to support groundbreaking projects — which will also serve as platform to promote excellence in bio-convergence,” he added.