INDIANAPOLIS (Jan. 7, 2019) – The Indiana Economic
Development Corporation (IEDC) and the Israel Innovation Authority have issued
the first call for proposals as part of the organizations’ collaborative effort
to propel innovation through private sector partnerships, inviting Indiana and
Israeli businesses to submit joint research projects focused on developing
high-tech solutions in agbiosciences and cybersecurity.
Indiana companies interested in this opportunity are invited to submit
expressions of interest and high-level project proposals by Thursday, Jan. 31.
These can be submitted jointly between an Indiana and an Israeli business, or
Indiana companies may also submit an individual proposal and receive company
matchmaking assistance from the IEDC and Israel Innovation Authority.
Businesses should focus on identifying projects that will stimulate generation
and development of new or significantly improved products or processes for
commercialization in global markets.
Following the Jan. 31 deadline, finalist companies will be matched, if not
already paired, and asked to submit full, bilateral proposals by May 7. The
IEDC and Israel Innovation Authority intend to provide conditional match
funding for selected projects to support and accelerate the proposed R&D
and the commercialization of new solutions.
To be eligible, Indiana companies must meet the following criteria:
- Be an Indiana-based entity with annual revenue less than $100 million and a majority of its payroll dedicated to Hoosier employees;
- Be an advanced-technology or knowledge-based business in agbiosciences or cybersecurity;
- Have a protected intellectual property position, such as trade secrets, patents and/or trademarks, or a distinct competitive advantage making the product difficult to replicate;
- Have a high-impact business model that demonstrates potential for the company to grow its operations in Indiana, creating high-wage jobs and revenues;
- Have money invested by the principals and/or founders, and/or have raised initial capital from other sources;
- Be able to collaborate with an unrelated Israeli company, meaning the Indiana and Israeli companies are separate legal entities and do not have a parent or controlled subsidiary relationship. The companies may have a prior working relationship, but may not apply for funding of a project initiated prior to this request for proposals.
The full request for
proposals, along with the interest submission form, is available here and on the IEDC website.
This call for proposals marks a step forward in the Indiana-Israel economic
partnership, advancing a memorandum of understanding between
the IEDC and Israel Innovation Authority signed by Governor Eric J.
Holcomb in Tel Aviv, Israel, during an economic development trip in May 2018.
Israel is home to the second-highest level of entrepreneurial activity in the
world outside of Silicon Valley with more than 6,500 innovative companies and
one startup per every 1,600 people. The country ranks No. 3 in the World
Economic Forum’s innovative ranking, providing an established ecosystem and
Launchpad for partnerships with Indiana’s growing agbiosciences, life sciences,
technology and cybersecurity industries.
About IEDC
The Indiana Economic
Development Corporation (IEDC) leads the state of Indiana’s economic
development efforts, helping businesses launch, grow and locate in the state.
Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC
manages many initiatives, including performance-based tax credits, workforce
training grants, innovation and entrepreneurship resources, public
infrastructure assistance, and talent attraction and retention efforts. For
more information about the IEDC, visit www.iedc.in.gov.
