MAGNET (the acronym in Hebrew for Generic Pre-Competitive R&D) programs encourage collaboration among industrial companies and between companies and researchers from academic institutions through several instruments. These instruments seek to develop Israel’s industrial infrastructure by supporting R&D activities and sharing technological knowledge among its participants
“Magnet Consortia” supports the formation of consortia made up of industrial companies and academic institutions in order to jointly develop generic, precompetitive technologies. The duration of a MAGNET Consortium is three to five years. Industrial companies are granted up to 66 percent of their approved budget and academic institutions are granted up to 80 percent. No royalty payments are mandated. Foreign technological companies are invited to apply to become members of a consortium.
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