Tel Aviv, July 20 -- The Israel Innovation Authority (IIA) launched a competitive proceeding to establish new high-tech incubators with up to a 40 million Shekel (USD 11.9 million) investment per Incubator.

As part of the IAA's program, funding will be provided to cover management fees over a five-year period and the establishment of a central laboratory.

The Incubators will focus on high-risk, innovation-intensive Deep-Tech fields such as: semiconductors, bio-convergence, agri-food tech, robotics, defence tech, or other domains characterised by high technological complexity, significant risk, and a lack of specialised investors in Israel.

In addition, the Authority will also offer non-dilutive investments from the Startup Fund at a to...