Israel National Technology and Innovation Authority and Governmental Benefit Programs
Meitar’s regulatory attorneys are involved in a wide array of issues that arise in connection with the programs financed and supported by the Israel National Technology and Innovation Authority (formerly known as the Office of the Chief Scientist), in order to promote research and development in Israel. Key programs include the technological incubators program and the international cooperation program, which is aimed at assisting Israeli companies in forming strategic links with international players.
Our extensive experience includes the formation and establishment of technological incubators; routine and regular interaction with the Innovation Authority on legal and regulatory matters; advice to grant recipients in connection with compliance with the rules and regulations of the Innovation Authority; advice to foreign clients in connection with their participation in international cooperation programs supported by the Authority; and advice in connection with regulations applicable to grant recipients in the context of M&A transactions.
Members of our practice group frequently appear before the Innovation Authority on behalf of Israeli technology companies, as well as their foreign investors and purchasers, and advise clients in a variety of matters relating to grants. We have advised clients in precedent-setting arrangements with the Innovation Authority for transfers of technology abroad by Israeli grant recipients, as well as technology sharing arrangements between Israeli and multinational companies. In addition, we actively represent incubators in portfolio investments, as well as many incubator portfolio companies in different stages of their development – from establishment to exit and subsequent transactions.