JNEXT

 

UP TO 600,000₪ FOR TECH COMPANIES

 

Technology companies in Jerusalem are able to access unique financial benefits to help them grow and expand their company in the city. These benefits are aimed to assist companies at different development phases and industry sectors. A number of these benefits are offered directly by Jnext while others are offered by national government as part of the special status that Jerusalem enjoys as a priority development area.

*** BioTech and Life-Science-related companiesVISIT THIS PAGE ***

General information is offered here about each benefit, its structure, basic eligibility criteria with a link to a page with the full conditions. We provide hands-on guidance and support to help you clarify whether your company is eligibility to receive the benefits. You are very welcome to contact us directly to discuss the options.

In addition to the financial benefits that we offer, our door is always open to help companies overcome specific challenges that they may encounter and to take advantage of opportunities that present themselves on a day-to-day basis such as leveraging connections and participating in relevant events and group visits, etc.

A closer look at the benefits offered:

 

Grow Your Team: Tech Companies

Jerusalem based Hi-tech companies, or those are relocate to the city are entitled to grants for their employees of up to 600,000₪.

 

  • Who is eligible?

High-tech companies registered in Israel that employ up to 20 people, and are either based in Jerusalem or relocating to Jerusalem

  • About the benefit

In accordance with the grant’s terms, for every eligible employee the company may apply for a grant of 60,000₪  if the employee lives in Jerusalem, or 40,000₪ if the employee lives outside of Jerusalem.

The grant is available for up to a maximum of 10 employees, with a maximum total grants of up to 600,000₪.

  • Important note

There is not a specific date by which to apply, as applications for the grant may be made on a rolling basis at any time during the year.

The grant is awarded over an eighteen-month period. Grantees will be paid 50% upon receiving authorization, 25%, six months later, and the remaining 25% at the end of the period.

The grant is not paid as a loan and does not cause dilution in any way.

  • How to apply

Please read carefully the comprehensive grant guidelines (in Hebrew).

Contact Oded Barel at odedb@jda.gov.il if you have questions or when you are ready to apply to being the process.

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Welcome Grant

Tech companies that have completed one of the accelerator programs in Jerusalem are entitled to a welcome grant of 15,000₪ towards renting their first office space in Jerusalem.

 

  • Who is eligible?

Eligible grantees are new companies that have participated in and completed one of the accelerator programs in Jerusalem and wish to rent or are already renting their first office in Jerusalem (including designated shared spaces).

In addition, the company must have a rental contract for an office or approved shared workspace in Jerusalem for at least six months from the application date.

  • About the benefit

The company is entitled to a grant of 15,000₪ which is awarded over a six-month period.

  • Important note

There is not a specific date by which to apply by, as applications for the grant may be made on a rolling basis at any time during the year.

The grant is not paid as a loan and does not cause dilution in any way.

  • How to apply

Please read carefully the comprehensive grant guidelines (in Hebrew).

Contact Oded Barel at odedb@jda.gov.il if you have questions or when you are ready to apply.

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Reduced Corporate Tax

High-Tech and bio-tech companies located in Jerusalem are entitled to a reduced income tax of 7.5% in contrast to most areas where the rate is set at 12%.

 

  • Who is eligible?

Companies that are under the provisions of the Encouragement of Capital Investments and located in Jerusalem are entitled to tax benefits of a reduced corporate tax rate of 7.5% instead of the regular corporate tax rate of 12%

  • What are the relevant criteria to receive this benefit?

Companies must be recognized as an Industrial and Competitive Enterprise. A Competitive Enterprise must export at least 25% of its revenues.

For more information, please consult your accountant directly.

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