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Objectives of the Fund for Promoting Overseas Marketing
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Sharing the risks borne by exporters in building marketing infrastructures for the purpose of increasing exports.
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Stimulating marketing innovations and the utilization of marketing tools, primarily among small, new businesses.
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The Fund assists exporters planning to expand their marketing operations abroad and who have appropriate marketing strategies. The Fund will support a comprehensive business plan once it is convinced that such a plan will lead to a breakthrough in exports and that it involves innovative marketing on the part of the exporter.
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The Fund deals with three groups of exporters:
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Small Exporters - defined as exporters with export revenues of up to
$2m in the base year -- receive assistance of up to $50,000 but not
exceeding 30% of recognized expenses. Funding is given for a variety of
marketing activities: market research, exhibitions abroad, advertising,
catalogues, locating strategic partners abroad, establishing overseas
branches and marketing consultants. Funding is granted in conjunction with
the Export Institute , which includes ongoing consultation with a marketing
expert.
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Small to Medium-Size Exporters - defined
as exporters with export
revenue of between $2-7m in the base year -- receive up to $200,000
though not exceeding 30% of recognized expenses towards the goals set by
the exporter.
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Medium-Size Exporters - defined as
exporters with export revenues of
$7-15m in the base year -- receive up to $300,000 though not exceeding
30% of recognized expenses.
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The Fund's decisions regarding the granting of
assistance are based on
the assessments of the Professional Administrations at the Ministry and the
Fund's marketing analysts.
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The Fund operates several guidance and information
sub-programs
including: marketing support, information gathering and analysis, etc.
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For further information:
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The Ministry of Industry and Trade,
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Agron St. 30, Jerusalem 94190
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Tel: 02-6220352, 02-6220363
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Fax: 02-6220320
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http://www.moital.gov.il
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