Examples of Israeli Innovation Authority in a sentence
The Company obtained grants from the Office of the Chief Scientist in the Israeli Innovation Authority (“the IIA”).
Neither the Company nor any of its Subsidiaries (i) is in violation with respect to any instrument of approval or grant which has been granted to it by the Israeli Innovation Authority the Ministry of Economy and Industry of the State of Israel, or (ii) is in violation with respect to any instrument of approval granted to it by the Investment Center of the Ministry of Economy and Industry of the State of Israel (the “Investment Center”).
The Company has not applied for “approved enterprise”, “benefited enterprise” or “preferred enterprise” status with respect to any of the Company’s facilities or operations or with respect to any grants or benefits from the Israeli Innovation Authority or the Investment Center, except as otherwise stated in the Prospectus.
Government Support and Incentives for Start Ups – The Israeli Innovation Authority.
The program can offer incentives for global VC funds to invest in Israel start-ups.The third promising initiative that was designed to fill the funding gap for early innovation projects was the Technological Incubators Program of the Israeli Innovation Authority which was established in 1991.
The Group has non-recourse debt to the Israeli Innovation Authority ("IIA") (formerly known as the Office of the Chief Scientist) of the Israeli Ministry of Economy and Industry.
The Company has received grants from the Israeli Innovation Authority under the Encouragement of Research, Development and Technological Innovation in the Industry Law 5744-1984 (the “Innovation Law”).
The Company will (i) fulfil all the undertakings and obligations relating to any grants it has received or may receive in the future from the Israeli Innovation Authority under the Innovation Law and (ii) comply with the terms and conditions of the grants and the laws and guidelines applicable thereto (including, without limitation, the Innovation Law and the applicable regulations, rules, procedures thereof).
The Company agrees to use commercially reasonable efforts to make, within 21 days of the Closing Date, all required filings or notifications with the State of Israel, including but not limited to, any required filings of notice to be made with the Israeli Companies Registrar and any required notification to be made to Israeli Innovation Authority.
Grants from the Israeli Innovation Authority for funding research and development activities are recognized at the time the Company is entitled to such grants on the basis of the related cost incurred.