On July 29, 2015, the Israeli parliament enacted a major amendment to the Law for Encouragement of Research and Development in Industry – 1984 (the “R&D Law”). By way of this amendment, the National Authority for Technological Innovation (the “Authority”) was established, to replace the Office of the Chief Scientist of the Israeli Ministry of Economy (the “OCS”). The Authority was formed as of January 1, 2016; new grant tracks and guidelines will be published online from time to time.
Pearl Cohen has prepared a summary brief regarding this amendment, which you can read about here.
For more information regarding the R&D Law as amended, please contact your Pearl Cohen attorney or Yael Baratz, Senior Partner and Chair of our Corporate & Licensing Group