The Economy Ministry announced a new NIS 9 million grant track for small and medium businesses to adopt artificial intelligence and digitization. The state will fund 35% of investment in computing, automation, and AI, up to NIS 350,000 per business. The program targets businesses with annual turnover up to NIS 100 million in trade, services, and industry, according to an N12 report.
The Economy Ministry announced a new NIS 9 million grant track for small and medium businesses to adopt artificial intelligence and digitization. Under the program, the state will fund 35% of eligible investments in computing, automation, and AI, up to NIS 350,000 per business. The program targets businesses with annual turnover up to NIS 100 million in the trade, services, and industry sectors.
The new grant track adds to a range of government programs aimed at promoting technology adoption. The Zioneer has previously reported on initiatives including a NIS 1.2 billion aid program for high-tech (July 16), a NIS 400 million strategic plan for advanced industry and robotics (June 11), and a NIS 1.6 billion plan for exports and high-tech (June 30). The current program specifically targets smaller businesses, offering a direct subsidy for digitization and AI.
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