Innovate UK, on behalf of UK Research and Innovation, under the EUREKA framework, invites applications for its UK-Israel open collaborative R&D competition. This supports collaborative, business led R&D projects that should result in a new product, industrial process or service. Projects can be from any technological or market area, but must be innovative, involve a technological risk and target large global markets. Proposals must demonstrate a clear, evidence based plan to deliver significant economic impact, return on investment and growth through commercialisation as soon as possible after project completion. They must also demonstrate a clear, considerable potential to significantly impact both the UK and Israeli economy or productivity in a positive way, and show the benefit of participants from the two countries working together. Projects must focus on industrial research but some experimental development activities may be funded.

UK businesses of any size may apply and must collaborate with at least one Israeli business. UK research organisations and organisations from other EUREKA member states may participate.

Up to £1.5 million is available from Innovate UK for UK projects with total eligible costs of between £200,000 and £250,000 each over up to two years. Israeli funding is in the form of a conditional grant worth up to 50 per cent of the eligible R&D budget. The proportion of funding provided for eligible costs depends on the business size.