The Administration has promoted several programs within its framework:
Academic and Applied ResearchTwo inter-university research centers with new laboratories and research teams were inaugurated in early 2012. One center focuses on biofuel research and the other on batteries and fuel cells. The centers were granted NIS 60 million and NIS 45 million, respectively.
In addition, a new research fund was established, awarding grants of up to US $450,000 to research groups in the field.
Industrial Research and DevelopmentThe Alternative Fuels Administration operates a number of programs for applied research within companies, research institutes, and universities, including a large research consortium in the field of batteries and fuel cells.
Venture Capital InvestmentsA new governmental co-investment fund is being established in order to promote large investment in venture-backed companies. The government share in each investment will be 33%, up to US $8 million. Eligible private co-investors include investment funds and corporations, both Israeli and foreign.
Local Test-BedThe Administration has commenced the operation of a governmental one-stop-center that supports companies conducting innovative technological demonstrations, by tailoring Israeli regulations to facilitate each case.
In addition, the Administration promotes small and medium scale demonstrators under a new technological demonstrations program, financially supporting demonstrations of up to US $1 million. Local MarketsIsrael is incentivizing its local fuel and transportation markets for implementation of novel technologies, in order to create an initial market for innovative oil alternatives, specifically by promoting electric vehicles, natural gas based transportation, and advanced biofuel solutions.
Global PartnershipsThe Administration is building partnerships with leading global corporations, research institutes and non-governmental organizations, to create strategic cooperation with the State of Israel, its industry and academia. In addition, the Israeli government is creating frameworks and working plans with foreign governments in order to enhance such cooperation.