The Trendlines Group was awarded licenses from the Israeli government for two technological incubators — one in the medical field and one in the agtech sector — through the Technological Incubator Program of the Israel Innovation Authority (IIA, previously, the Office of the Chief Scientist of the Ministry of Economy).
Under the terms of government license, each new company accepted into the program receives an investment of approximately $650,000. Trendlines invests additional money and in-house services and support for each company.
The partnership with the Israel Innovation Authority enables Trendlines to leverage the government grant as part of the IIA’s “incentive program designed for entrepreneurs who are interested in establishing a start-up company based on an innovative technological concept” (see illustration below).
The goal of the Technological Incubator Program is supporting entrepreneurs with innovative technological concepts at the initial stage of R&D to establish start-up companies and help them reach significant fundable milestones. Located throughout Israel, the technological incubators are “selected through competitive processes for a license period of eight years.”