Amendment to Israel R&D Law – The Establishment of the National Authority for Technological Innovation
On January 1, 2016, a National Authority for Technological Innovation (the “Authority”) was established in Israel, replacing the Office of the Chief Scientist of the Israeli Ministry of Economy (the “OCS”). The purpose of the OCS, and now the Authority, is to encourage innovation and to create new job opportunities in Israel, through the funding of innovative research and development projects.The new ...
