$45,000 Innovation Fund in Israel 2024

Written by Michael Nz. on January 17, 2024

4 min read

$45,000 Innovation Fund in Israel 2024

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Scholarship details

  • Area of study

  • Country of the Scholarship

  • Scholarship Valid Until (Year)

  • Type of scholarship

    Ph.D. scholarship
  • Scholarship amount given

    $7000 - $9000
  • Type of scholarship administrator

  • Mode of scholarship (Online/Offline)

  • Applier's country

  • Expenses covered

    Monthly subsistence allowance, Travel and visa costs
  • Scholarship Contact Details

    Name: Project Evaluation
    Position: Project Evaluation
    Organization: Israel Innovation Authority
    Name: International Partnerships
    Position: International Partnerships
    Organization: Israel Innovation Authority
    Name: Technical Support
    Organization: Israel Innovation Authority
    Name: Customer Support
    Position: Customer Support
    Organization: Israel Innovation Authority


Innovation is the key to progress and development in any society, and Israel has always been at the forefront of groundbreaking ideas and technologies. To further promote innovation and encourage aspiring entrepreneurs, the Israeli government has announced the launch of the $45,000 Innovation Fund in Israel 2024. This fund aims to support individuals from all over the world who have innovative ideas that can contribute to the growth of Israel’s economy. If you have a vision for a game-changing product or service, this scholarship opportunity is tailor-made for you.

Scholarship Provider

The $45,000 Innovation Fund in Israel 2024 is funded by the Israeli government in collaboration with various private sector organizations. These organizations recognize the importance of nurturing talent and fostering a culture of innovation. By providing financial support and mentorship opportunities, they aim to empower individuals with groundbreaking ideas and help them transform their visions into reality.

Eligible Applicants

The $45,000 Innovation Fund in Israel 2024 is open to applicants from all over the world. Whether you are a student, professional, or an aspiring entrepreneur, as long as you have an innovative idea that can contribute to Israel’s economy, you are eligible to apply. There are no age restrictions or specific educational qualifications required for this scholarship.

Host Country

The scholarship will be hosted by Israel, a nation known for its vibrant startup ecosystem and technological advancements. With its strong infrastructure and supportive business environment, Israel provides an ideal platform for innovators to turn their ideas into successful ventures. This scholarship opportunity allows participants to immerse themselves in this thriving innovation hub and gain valuable insights from industry experts.

Scholarship Worth

The $45,000 Innovation Fund in Israel 2024 offers selected applicants a grant of $45,000 to kickstart their innovative projects. This financial support can be used to cover various expenses related to research, development, and implementation of the proposed idea. Additionally, the scholarship also provides access to mentorship programs and networking opportunities, enabling participants to refine their ideas and gain valuable industry connections.

Level and Field of Study

The $45,000 Innovation Fund in Israel 2024 welcomes applications from individuals across all fields of study. Whether you have an idea related to technology, healthcare, renewable energy, finance, or any other sector, this scholarship is open to you. The focus is on innovation and potential impact rather than specific academic disciplines.

How to Apply for the $45,000 Innovation Fund in Israel 2024

To apply for the $45,000 Innovation Fund in Israel 2024, interested candidates need to submit a comprehensive proposal outlining their innovative idea. The proposal should include a clear description of the project’s objectives, expected outcomes, implementation plan, and potential impact on Israel’s economy. Applicants are also required to provide their personal details and educational/professional background.

The application process is divided into two stages. In the first stage, candidates need to submit an online application form along with their proposal. A panel of experts will evaluate the proposals based on criteria such as uniqueness of the idea, feasibility, sustainability, and potential economic impact. Shortlisted candidates will then proceed to the second stage.

In the second stage of the selection process, candidates will be invited for an interview with the scholarship committee. This interview will provide an opportunity for applicants to elaborate on their proposals and showcase their passion for innovation. Based on the interviews and overall evaluation of each candidate’s potential, a final list of scholarship recipients will be announced.

Countries that can Apply

The $45,000 Innovation Fund in Israel 2024 is open to applicants from all countries around the world. The scholarship aims to foster a global exchange of ideas and promote international collaboration in the field of innovation. Regardless of your nationality or current location, as long as you have a transformative idea that can contribute to Israel’s economy, you are encouraged to apply.

Eligibility Criteria for the $45,000 Innovation Fund in Israel 2024

The eligibility criteria for the $45,000 Innovation Fund in Israel 2024 are fairly straightforward:

1. Applicants must have an innovative idea with potential economic impact.
2. There are no age restrictions or educational qualifications required.
3. Candidates must be able to communicate effectively in English, as all program activities will be conducted in English.
4. Applicants should be willing to commit their time and efforts towards developing their innovative projects during the scholarship period.
5. Individuals with prior experience in entrepreneurship or innovation-related activities are preferred, but it is not a mandatory requirement.

Actual Scholarship Deadline

The deadline for submitting applications for the $45,000 Innovation Fund in Israel 2024 is [insert actual scholarship deadline here]. Applicants are advised to submit their proposals well before the deadline to allow adequate time for review and evaluation.


Q: How many scholarships will be awarded?
A: The number of scholarships awarded will depend on the quality and potential impact of the proposals received. There is no predetermined number of scholarships.

Q: Can teams apply for this scholarship?
A: Yes, teams can apply for the $45,000 Innovation Fund in Israel 2024. However, each team member needs to meet the eligibility criteria individually and provide their own proposal outlining their contribution to the project.

Q: What happens after receiving the scholarship?
A: After receiving the scholarship, selected candidates will be required to commence work on their innovative projects within a specified timeline. They will have access to funding support as well as mentorship programs to guide them in the implementation of their ideas.

Q: Is there any post-scholarship support?
A: While the scholarship focuses on supporting the initial stages of innovative projects, selected candidates may have opportunities for ongoing support beyond the scholarship period. This could include access to investor networks, incubation programs, or further funding opportunities to scale their projects.

Q: Can individuals with existing startups apply for this scholarship?
A: Yes, individuals with existing startups are welcome to apply. However, it is essential that their proposed projects represent a significant innovation or expansion of their existing ventures rather than seeking support for routine business operations.

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