BioJerusalem

www.jda.gov.il/en/%d7%91%d7%99%d7%95-%d7%99%d7%a8%d7%95%d7%a9%d7%9c%d7%99%d7%9d/

Co-Working Space

TECH VERTICALS

Biotechnology, Medical Devices, MedTech

General Data

Established

2012

DESCRIPTION

BioJerusalem is n initiative of the Jerusalem Development Authority, BioJerusalem was created to help fuel the economic development of Jerusalem by leveraging the vast life sciences resources available in the city. BioJerusalem is committed to growing Jerusalem into a thriving life sciences center of sustainable enterprises and solid investments, grounded on cutting edge innovation.

BioJerusalem aims to:
Establish BioJerusalem as a hub for life sciences
Encourage the creation of new companies
Guide entrepreneurs through the start up stage
Advance the growth of new and existing companies
Attract investment in companies with a Jerusalem presence
Identify unmet industry needs and help launch supporting facilities and services
Foster connections between the various life sciences sectors in Jerusalem and globally
Increase international awareness and visibility of Jerusalem’s technology assets, capabilities and resources in life sciences

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
16DE0386-437A-E111-AC59-00155D32A403		The Jerusalem Development Authority (JDA)
	Subsidiary	JNext	The Jerusalem Development Authority (JDA)
F9B75E30-13A4-E111-AD2F-00155D32A403	Subsidiary	BioJerusalem	The Jerusalem Development Authority (JDA)

REMARKS

Date	Remark
	Generally, I.P. (Intellectual Property) remains with the start up. BioJerusalem's center funding is planned mainly from direct payment from use of its equipment. BioJerusalem is not an investor and may assist in acquiring funds via established connections and collaborations. In certain cases, BioJerusalem may consider virtual equity as part of the payment.

CONTACT INFO

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Main Address: Jerusalem, Israel

Address	2 Safra Sq., City Hall Complex
POB	32226
City	Jerusalem
Country	Israel
Zip	91322

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

	MANAGEMENT

Key Executive

Name	Title
Ms. Tsipi Haitovsky	Marketing & Media Liaison

Investment Data

Capital Remarks

Development zone A incentives for technology-based companies Government grant of up to 20% of tangible fixed assets (i.e., the original cost of land development and investment in buildings, machinery and equipment) Significant corporate tax reduction down to 9% in 2015 Tax rate on dividends is reduced to 20% Employment grants of up to 20% of salaries for 4 years for companies employing at least 15 high-wage employees R&D assistance grants of up to 60% of approved R&D programs offered by the Office of the Chief Scientist (OCS), Ministry of Industry, Trade and Labor Jerusalem special incentives package Ongoing: equipment and infrastructure grant for R&D service providers. Up to 3 million NIS for equipment, and up to 5 million NIS for unique infrastructure (i.e. clean rooms, in-vivo testing facilities), for R&D service providers in Jerusalem. Exceptional grants of up to 3.9 million NIS for life science companies that are - new in / moving to / expanding their activities in Jerusalem . This grant is conditional upon the number of new employees (2-50). Relocation and expansion grants of up to 800,000 NIS for companies establishing new facilities (of at least 100 sqm) or expanding existing facilities (by at least 700 sqm) Student employment grant of up to 2,000 NIS per month for student positions, and a 10,000 NIS bonus if the student is hired as a full time employee upon graduation.