A: You would probably misspell "OCS"
for "Ox". There is a slight, but significant, difference between the
two words:
From Wikipedia: "An Ox (plural Oxen), is an adult male cattle trained
as a working animal. Oxen are commonly castrated,
and therefore more tractable..."
Whereas, "The Office of the Chief Scientist (OCS) of the Ministry
of Industry, Trade and Labor (MOITAL) ....oversees all Government sponsored
support of R&D in the Israeli industry..."(quoted from the OCS
website: http://www.moit.gov.il/NR/exeres/3C96E1CF-EDFA-4F16-BACE-216773805124.htm)
So, why is the OCS The solution for your Financial Gap? Let's pause
and rewind to the beginning:
Here is a familiar scenario: You are a high-tech graduate, an early
stage inventor, or an entrepreneur, and you have just come up with the greatest
idea for a start-up. Fantastic! Isn't it?
Let us say that your idea appears to be a substantial breakthrough in
your field of interest. Wow! Real potential!
You start to really believe in this idea of yours, so you decide to recruit
your high-tech friends to this project, invest most of your savings, raise some
extra cash from the bank, your friends and parents;
However, you still lack that silent partner, who would add a significant
amount of cash into the equation and would participate in the intimidating
business & technological risks without "swallowing" your
innovation with in a draconian gulp contact.
You are experiencing what I call "The Financial Gap" which is
preventing you from jumping into the cold water of R&D innovation and
initiative, which eventually would give your invention a giant boost to found a
real business. And each minute passing by, your potential competitors are gaining
time and are maybe even beating you to what was your potential business Exit...
Now - isn't that a pity?
Here is The solution:
- You can apply for various R&D OCS government grants, which in the case of the Project's success - becomes a government non-interest-bearing loan.
- You can obtain between 20% and 50% of your project's funding, depending on the dimensions of your project: Its innovation, originality, risk level, technical and business potential, potential volume of production, location (in Israel or abroad), as well as its added value and its contribution to the industrial development of the State of Israel.
- If your project is successful and your have a business exit - this is your Big-time benefit. The government's 'cut' is in royalties - between 3% - 3.5% per year of your sales until the final loan repay.
- If your project is closed - certainly not pleasant, but definitely a possible scenario: In this case, the money invested by the state in your project will become a government grant which you will not need to return.
Definitely worth a try, isn't it? Good
luck with it!
MaximOCS focuses on Maximizing the Income from the Israeli OCS
sponsorship programs for start-ups and R&D companies which feature
technological breakthroughs with minimum risk in development and
commercialization.
MaximOCS main expertise is Optimizing the OCS Funding Process and
Bureaucracy Removal from your way, leaving you a clear mind to perform your R&D activities.
For more information please visit our website at www.MaximOCS.cm, or contact us at: Boaz@maximOCS.com
Check out MaximOCS's profile in LinkedIn:
http://www.linkedin.com/company/maximocs/products?sort=name
