The purpose of the innovation visa is to enable foreign entrepreneurs to develop their innovative technology project as an Israeli company, and receive a work permit visa.
As part of the Innovation Visas program entrepreneurs will be able to stay in Israel for a period of up to 24 months. During their stay they can receive support by the Tnufa Program to help develop their innovative idea.
Further, if the project turns into a company, a foreign entrepreneur can file a request to receive support from the Innovation Authority and after receiving approval, can receive an expert visa to work in the company for a period of up to 5 years.
The innovation visa will enable foreign entrepreneurs from around the world to develop their innovative technological project in Israel. During the time they would spend in Israel, the foreign entrepreneurs will be hosted in one of the 12 Selected Landing Pads for Foreign Entrepreneurs. The Landing Pad will offer exposure to Israel’s Eco-System, work spaces, technologic infrastructure, as well as business and logistic support.