The Israel Innovation Authority (IIA) and the Israel Ministry of Energy are publishing two joint calls for proposals to fund energy-related projects. The calls, in collaboration with the Smart Transportation Administration in the Prime Minister’s Office, will have a total value of NIS 12 million ($3.4 million).
The funds will be divided into two groups: the first NIS 10 million will focus on the energy market - such as fossil fuel substitutes, water, and natural resources - and the remaining NIS 2 million will fund research in promoting renewable energy and energy efficiency in the manufacturing industry.
“The world is undergoing dramatic and rapid changes in the use of clean energy sources,” said Dr. Gideon Friedman, Acting Chief Scientist, Israel Ministry of Energy in a statement. “The call for proposals for pilot programs in the energy sector will lead to the rapid commercialization of innovative energy technologies in order to achieve Israeli leadership in this field globally, while also stimulating the development of an advanced energy economy in Israel.”
The program will provide support to the manufacturing sector for the development or implementation of technologies, products, and processes that will promote renewable energy. The investment by the Ministry of Energy and the Innovation Authority furthers the commitment made by the Israeli Minister of Energy to increase renewable energy use in Israel from 17% to 30% by 2030.
The IIA is the tech investment arm of the Israeli government responsible for fostering the development of R&D within the State of Israel.