NIS 60 million plan to subsidize launches of Israeli technologies into space

In depth

The Israel Innovation Authority and the Israel Space Agency are running a NIS 60 million plan. The plan allows Israeli companies to test technologies in real space conditions, with 35% of launch costs subsidized and professional support provided.

According to Ice, the plan will select 15 companies and research groups that will conduct experiments in space over the next three years. Participants will also receive technological and logistical assistance.

According to TheMarker, the aim is to open a new market to companies in the fields of medicine, energy, communications and cyber.