The film will be competing with DreamWorks Animation's "Kung Fu Panda," Pixar Animation Studios' "WALL-E," Walt Disney Animation Studios' "Bolt," and Sherman Pictures/Lama Films' "$9.99."
All of these features are short-listed by the Academy of Motion Picture Arts and Sciences for this season's animated feature Oscar competition.
"Waltz with Bashir" was also nominated in the categories "Writing in an Animated Feature Production," "Directing in an Animated Feature Production" and "Music in an Animated Feature Production."
Also this week, the Israeli film was also named Best Foreign Film on Sunday at the 11th annual British Independent Film Awards.
Slumdog Millionaire won the BIFA for Best British Independent Film. Danny Boyle was named Best Director for the film, while actor Dev Patel was named Most Promising Newcomer.
Reuters contributed to the report