Israel Innovation Authority Round A Hezneck Fund (IIA Round A Hezneck Fund)

innovationisrael.org.il/programs/rounda/#about_route

Government Fund

Tech Verticals Preferences

AgriTech, Biomed, Cleantech, Deep Tech, Digital Health, Energy Tech, Medical Devices

General Data

Established	2023
Current Active Portfolio Companies:	55

DESCRIPTION

Israel Innovation Fund is designed to encourage the establishment and growth of start-up companies in Israel, which operate in R&D-intensive, high-risk fields and in early stages, by expanding the funding sources available to them. The Israel Innovation Fund will participate in an investment round in Round A companies, together with a private investor or investors in order to reduce risk for investors and encourage the realization of the investment.

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
20FE6A02-34D3-E611-80CD-00155D0B832B		Israel Innovation Authority
05F6B44F-B2C8-EE11-B812-00505695CD29	Accelerator	Built Environment Innovation Center Ltd. (CivicLabs)	Israel Innovation Authority
444CC4B2-C363-F111-B822-00505695CD29	Accelerator	Living Lab	Israel Innovation Authority
4ECA7BB0-BBC8-EE11-B812-00505695CD29	Accelerator	Northern Climate Synergy Ltd. (Norterra)	Israel Innovation Authority
555F88B9-2CCB-EE11-B812-00505695CD29	Accelerator	DeserTech and Climate Innovation Center Ltd. (DCIC)	Israel Innovation Authority
70971D26-CDC8-EE11-B812-00505695CD29	Accelerator	Technological Center for Security and Resilience in the Western Negev Ltd.	Israel Innovation Authority
7EE72361-7DC9-EE11-B812-00505695CD29	Accelerator	Innoveastech Ltd.	Israel Innovation Authority
96944E71-4AE5-F011-B81B-00505695CD29	Accelerator	Northtech Galil Ltd.	Israel Innovation Authority
B10663C1-C6C8-EE11-B812-00505695CD29	Accelerator	Darom Innovation Center Ltd.	Israel Innovation Authority
B12E4D73-57E5-F011-B81B-00505695CD29	Accelerator	Beyon-D Innovations Ltd.	Israel Innovation Authority
CF71865F-87C6-EE11-B812-00505695CD29	Accelerator	Galileo Studio Ventures Ltd. (GAIA Partners)	Israel Innovation Authority
E8D20CA8-76E5-F011-B81B-00505695CD29	Accelerator	Bidayatech Ltd	Israel Innovation Authority
F09F6BC0-97C6-EE11-B812-00505695CD29	Accelerator	SeaNovation Eliat Eilot Ltd.	Israel Innovation Authority
	Division	MEIMAD Committee	Israel Innovation Authority
1CA6DB50-207A-E111-AC59-00155D32A403	Division	ISERD - The Israel Europe R&D Directorate	Israel Innovation Authority
26A6DB50-207A-E111-AC59-00155D32A403	Division	KORIL-RDF - Korea-Israel Industrial R&D Foundation	Israel Innovation Authority
27A6DB50-207A-E111-AC59-00155D32A403	Division	SIIRD - Singapore-Israel Industrial R&D Foundation	Israel Innovation Authority
0FA6DB50-207A-E111-AC59-00155D32A403	Investment Arm	Ideation (Tnufa) Incentive Program (part of the IIA)	Israel Innovation Authority
135F976B-2CEC-EE11-B813-00505695CD29	Investment Arm	Yozma 2.0 Fund	Israel Innovation Authority
20E026C8-FFCB-EE11-B812-00505695CD29	Investment Arm	Israel Innovation Authority Round A Hezneck Fund (IIA Round A Hezneck Fund)	Israel Innovation Authority
4FB7A195-0FCC-EE11-B812-00505695CD29	Investment Arm	Israel Innovation Authority Pre-Seed Program (IIA Pre-Seed Program)	Israel Innovation Authority
5136EB24-7698-EC11-B80E-00505695CD29	Investment Arm	The International Health-Tech Pilot Program	Israel Innovation Authority
6FD289DC-09CC-EE11-B812-00505695CD29	Investment Arm	Israel Innovation Authority Seed Program (IIA Seed Program)	Israel Innovation Authority
7B509810-AAD8-F011-B81B-00505695CD29	Investment Arm	MOFET Fund	Israel Innovation Authority
A28443EE-39E0-EE11-B813-00505695CD29	Investment Arm	Israel Innovation Authority Fast-Track Funding Program	Israel Innovation Authority
	Subsidiary	Kamin Incentive Program	Israel Innovation Authority
91B3F1AB-D4B6-EF11-B817-9319F1798F89	Accelerator	Green Industry ClimAccelerator Israel	Darom Innovation Center Ltd.
38F1F5D8-38AF-F011-B81A-00505695CD29	Accelerator	DeserTech CityLab	DeserTech and Climate Innovation Center Ltd. (DCIC)
E5273305-CCEE-F011-B81B-00505695CD29	Investment Arm	Knowport Gateway Ltd.	DeserTech and Climate Innovation Center Ltd. (DCIC)
6523A9D8-B37D-F111-B825-00505695CD29	Subsidiary	RampUp	DeserTech and Climate Innovation Center Ltd. (DCIC)
AFB3B7F4-094A-F111-B81F-00505695CD29	Accelerator	BuilderIL	Innoveastech Ltd.
1FBD0BE4-BAE4-F011-B81B-00505695CD29	Accelerator	FFoodi Ltd.	MOFET Fund
3A6D1208-ABE4-F011-B81B-00505695CD29	Accelerator	Polyx Polymers and Composite Materials Ltd.	MOFET Fund
90631C57-C2E4-F011-B81B-00505695CD29	Accelerator	Spark Labs Ltd.	MOFET Fund
97717A01-7AE4-F011-B81B-00505695CD29	Accelerator	Gilboa Nexus Ltd.	MOFET Fund
E1FA0556-A6E4-F011-B81B-00505695CD29	Accelerator	MatX Israel Ltd.	MOFET Fund
3633BEBC-C56F-F111-B824-00505695CD29	Accelerator	AquaBoost Accelerator	SeaNovation Eliat Eilot Ltd.

CONTACT INFO

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Main Address: Jerusalem, Israel

Address	2 Ha’poel St.
City	Jerusalem
Country	Israel
Zip	9695102

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Ms. Kerem Nevo	Program Manager	Wix (Chief of Staff)

Investment Data

Capital Remarks

The Innovation Authority will participate in the Round A investment round at a grant rate of 30% of the amount of the investment round up to a grant ceiling of NIS 15 million ($4.15m). Companies whose place of business is in Development Zone A will receive an additional 10% on the grant, so that the ceiling of the grant will be NIS 16.5 million ($4.58m).

Preferences

Maximum investments	$4.15m
Type of Financing	R&D Grants
Stage Preferences	R&D,Seed

SECTOR SEGMENTATION (By Number Of Companies)

Medical Devices

27%

Agritech

13%

Biomed

13%

Hardware & Industrial

13%

Digital Health

Enterprise Software & Infrastructure

Semiconductors

Cleantech

Energy

Consumer-Oriented Software

	PORTFOLIO COMPANIES

Current Portfolio Companies (55)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

3Dbattery

Energy

R&D Grant

01/06/2024

N/A

ABLE Tx

Biomed

R&D Grant

01/01/2025

N/A

AISAP

Dig. Health

R&D Grant

01/01/2025

N/A

Append Medical

R&D Grant

01/06/2024

N/A

Axioma Robotics

Axioma is a dynamic company that provides system engineering and integration services from concept to delivery. The company specializes in developing solutions for defense systems, homeland security and smart cities. Axioma has accumulated unique experience in the areas of multidisciplinary systems integration, real-time systems, naval systems and cyber security.

HW & Indust.

R&D Grant

01/07/2025

N/A

Balena

Cln.

R&D Grant

01/07/2025

N/A

Bariks Health

Bariks is revolutionizing Hyperbaric Oxygen Therapy (HBOT) with a portable, foldable oxygen pressure chamber, making life-saving treatments accessible worldwide. The company's mission is to provide HBOT treatments anywhere, with the potential to save lives and significantly enhance quality of life. By combining portability with advanced functionality, the company's innovative technology aims to minimize the size of all components, including a unique software system, resulting in a fully self-contained product. This breakthrough offers versatility, allowing patients, athletes, and anyone in need to undergo therapy with maximum comfort.

R&D Grant

01/06/2024

N/A

BioXtreme

R&D Grant	01/03/2025	N/A	N/A
R&D Grant	15/02/2024	N/A	N/A

BloomX

Agri

R&D Grant

01/06/2024

N/A

Brain.Space

Dig. Health

R&D Grant	01/05/2025	$1m	$1m
R&D Grant	15/02/2024	N/A	$1.5m

CAPS Medical

R&D Grant

01/06/2024

N/A

Carrar

Energy

R&D Grant

01/02/2025

$4.6m

Carteav

HW & Indust.

R&D Grant

01/06/2024

N/A

Ceretrieve

R&D Grant

01/07/2024

N/A

Criaterra

Cln.

R&D Grant

01/01/2025

N/A

CrystalVision

Agri

R&D Grant

01/02/2022

$0.4m

DeepKeep

Ent. SW

R&D Grant

01/05/2025

N/A

Droxi

Dig. Health

R&D Grant

01/06/2024

N/A

EcoPhage

Agri

R&D Grant

01/05/2025

N/A

Exero Medical

R&D Grant

01/06/2024

N/A

Eyeviation

Ent. SW

R&D Grant

01/01/2025

N/A

Finally Foods

Agri

First Round

16/09/2025

N/A

$1.2m

Frisimos

HW & Indust.

R&D Grant

01/03/2025

N/A

IdentifAI

Biomed

R&D Grant

01/03/2025

N/A

InnoCAT

R&D Grant

01/06/2024

N/A

Lidwave

Semicon.

R&D Grant

01/06/2024

N/A

LuSeed Vascular

R&D Grant

01/05/2025

N/A

Magnisity

R&D Grant

01/01/2025

N/A

Make My Day

CO SW

R&D Grant

01/05/2025

N/A

Maolac

Biomed

R&D Grant

01/07/2024

N/A

NanoCarry

Biomed

R&D Grant

01/06/2024

N/A

Nervio

Dig. Health

R&D Grant

01/11/2024

N/A

Neuray Labs

HW & Indust.

R&D Grant

01/03/2025

N/A

NeuroGenesis

Biomed

R&D Grant

01/04/2025

N/A

Nurami Medical

Nurami's proprietary, electrospun-based platform technology enables the creation of an innovative category of bio surgical implants to seal and heal wounds effectively. It addresses complications associated with current soft tissue implants, such as dangerous leaks, and promotes healthy tissue formation, such as Dura repair, as well as other tissue recovery processes.

R&D Grant

01/06/2024

N/A

OHR

OHR is developing a new method for producing pollutant-free rocket fuel that extends engine life and lowers launch costs. The company develops creationary chemistry, a synthetic-biology and chemistry platform for producing strategic chemicals from abundant feedstocks. OHR focuses on critical chemicals including energetics, binders, advanced materials, propulsion inputs and other materials used across defense, mining, propulsion, and industrial supply chains.

Cln.

R&D Grant

01/07/2025

N/A

Okibo

HW & Indust.

R&D Grant

01/06/2024

N/A

Orchestra Group

Ent. SW

R&D Grant

01/05/2024

N/A

PathKeeper

R&D Grant

01/05/2024

N/A

Plantopia

Agri

R&D Grant

01/06/2025

N/A

Plas-Free

R&D Grant

01/07/2024

N/A

Q-Factor

HW & Indust.

R&D Grant

01/02/2026

N/A

QuamCore

Semicon.

R&D Grant

04/08/2025

$4m

RAAAM

Semicon.

R&D Grant

01/02/2025

N/A

Remedy Cell

Biomed

R&D Grant

01/10/2025

N/A

Remondo

Ent. SW

R&D Grant

01/03/2025

N/A

RenewalBio

Biomed

R&D Grant

01/06/2025

N/A

Scala Bio

Dig. Health

R&D Grant

01/11/2025

$4.8m

Senseera

R&D Grant

01/05/2024

N/A

Simpliigood

Agri

R&D Grant

01/03/2025

N/A

Terawand

Semicon.

R&D Grant

01/12/2025

N/A

Treetoscope

Agri

R&D Grant

01/03/2025

N/A

Tri.o

R&D Grant

01/06/2024

N/A

Verobotics

HW & Indust.

R&D Grant

01/06/2024

N/A

Vortex Imaging

Vortex is developing an ultrasound-based system, designed to generate high-quality 3D volumetric images, using cloud-based computational reconstruction technology powered by GPU infrastructure. This approach aims to combine the portability and safety advantages of ultrasound with visualization capabilities, more commonly associated with advanced radiology modalities, such as CT and MRI. Vortex' technology is intended to reduce the steep learning curve traditionally associated with ultrasound, while improving reproducibility across imaging workflows.

R&D Grant

01/06/2025

N/A

Historic Portfolio (1)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

QART

Ceased to Operate

R&D Grant

01/03/2025

N/A

Last Updated:	abCDe
IVC Number:	abCDe