The success of high-tech and R&D ventures largely depends on appropriate funding. Our firm understands the critical importance of R&D grants and tax benefits for the continued existence and growth of these companies. We offer comprehensive guidance throughout the process with government entities in Israel and abroad. Our experts help many venture owners navigate the funding system, from the initial application phase to ongoing reporting on their progress.
Obtaining R&D Grants: This includes submitting applications to the Israel Innovation Authority, various government ministries, or the European Union Commission, through receiving funding, and up to accurate calculation of required royalties. We conduct in-depth examinations and financial simulations to ensure the highest chances of success.
Receiving an R&D grant offers several significant advantages, including: a) Non-dilutive capital raising, meaning funding without equity allocation, which maintains your control. b) A prestigious “quality mark,” as the grant serves as an endorsement of innovation and quality, aiding in raising additional capital and international business development. c) Opening doors to new markets, especially in international consortium programs. d) Increasing chances for future grants and tax incentives.
Tax Benefits: We handle applications for tax benefits from the Israel Tax Authority, within the framework of the “Technological Innovation Promoting Enterprise” and the Law for the Encouragement of Capital Investments. These benefits can amount to millions of shekels and include:
reduced corporate tax and dividends, accelerated depreciation, and additional tax deductions such as purchase tax and betterment tax.
Project Closures and Assistance in Complex Cases: In cases of project failure, cessation of sales, or technological change, we assist in submitting applications for project closures and cessation of royalty payments. We also offer assistance and guidance to companies that have encountered problems with the Israel Innovation Authority due to non-compliance with conditions, with the aim of preventing legal and accounting implications.
