Entrepreneurship Incubators in the Periphery, Food-Tech in the North

As part of its strategy for promoting an innovation-inclined economy in the periphery, starting in 2019 the Authority will launch a new program aimed at encouraging local technological entrepreneurship in the periphery while maintaining an affiliation with local anchors such as academic institutions and centers of industry, food and agriculture – an entrepreneurship incubators program in the periphery.

The incubators will be established and operated during the year by franchises chosen in a competitive process. The franchise will locate and select suitable local initiatives, provide them with technological and business support and connect them to regional anchors – investors, partners and potential clients. If necessary, work space will be provided for the entrepreneurs and the startups they establish, in addition to supplementary financing.

The Innovation Authority will participate in funding the incubator’s ongoing operations and will grant incentives to encourage entrepreneurship, the commercialization of applied research, and the R&D activity of startup companies founded as part of the incubator. The incentives will be granted as part of the Authority’s range of incentive programs, including the Tnufa Program, the Early Stage Companies Program, and KAMIn and nOFAR Programs for applied research. In 2018, the Authority began establishment of a food-tech incubator in the Tzefat District, as part of the existing Technological Incubator Program. The incubator aims to develop a regional innovation ecosystem in the field of food technology by connecting investors, strategic partners, startup companies, and regional anchors.