IIA Magneton (Industry-Academia Track)
Funds IIA Magneton to transfer academic research into industry through a matching support model with co-funded projects.
IIA Magneton (Industry-Academia Track) sits under the Israel Innovation Authority and is designed to move academic R&D into industry. It is a two-year matching grant, with the authority covering about 66% of cost and the company covering the remaining 34%, so the public money is meant to pull private implementation into the project. The award band runs from USD 500,000 to USD 2 million. The program is annual and limited to organisations registered and operating in Israel. It is structured as a consortium track, which makes the university-industry relationship central to the award rather than optional. For companies, the main value is access to academic work that can be transferred into applied development under a defined timetable. The best fit is a team that already has a credible research result and needs a formal bridge into commercial use. Magneton is more focused than a general innovation grant: it rewards a clean handoff from the academic side, a clear industrial partner, and a project scope that can be completed in two years. It suits technology transfer problems where the first question is not market expansion, but whether the science can be translated into a working industrial asset.
No upcoming rounds verified. Cadence: Annual.