{"id":2682,"date":"2022-01-31T09:42:00","date_gmt":"2022-01-31T09:42:00","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?post_type=press_release&p=2682"},"modified":"2023-10-22T06:28:36","modified_gmt":"2023-10-22T06:28:36","slug":"israel-launches-70m-program-to-promote-tech-entrepreneurship-in-arab-community","status":"publish","type":"press_release","link":"https:\/\/innovationisrael.org.il\/en\/press_release\/israel-launches-70m-program-to-promote-tech-entrepreneurship-in-arab-community\/","title":{"rendered":"Israel launches $70m program to promote tech entrepreneurship in Arab community"},"content":{"rendered":"\n
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Orit Farkash-Hacohen, Minister for Innovation, Science and Technology: \u201cI was pleased to launch this new program, to be operated by the Israel Innovation Authority. Incorporating high-tech employees from the Arab sector is a highly important social, financial, and strategic need. Despite increases in the number of Arab students in academia, only 2% of high-tech employees are from the Arab sector. In this respect, during last November’s budget approval, we assigned five-years of additional budget for this purpose to the Israel Innovation Authority. This additional five-year plan will also operate in the areas of science and research within my ministry with additional budget that was attained for the purpose. I congratulate the Innovation Authority for joining this significant challenge, and for being a substantial engine for real change.”
Meirav Cohen, Minister for Social Equality: \u201cThe successful integration of the Arab population among others, in the world of Israeli high-tech is in the best interest of the industry itself. Over the last few months, we have been working in partnership with high-tech industry leaders, who have indicated the need to encourage technological enterprises and initiatives in the field. The more that we succeed in integrating more Arab workers into the Israeli high-tech industry, the more we will succeed in bringing Israel’s economic growth to additional segments of the population.\u201d
Dror Bin, Israel Innovation Authority CEO: \u201cThis program is designed to encourage entrepreneurship and high-tech employment among the Arab society. Encouraging entrepreneurship is the most difficult task because the number of start-ups being created by Arab entrepreneurs is extremely low in comparison with the rest of the population. The reasons for this are varied and stem mainly from the lack of relevant networking system, geographical distance from high-tech centers, fear of taking risks, and a preference for secure jobs over entrepreneurship \u2013 as well as a lack of access to investors. We developed this new ideation program as part of a government plan to promote entrepreneurship in the Arab sector, to provide the best possible solutions to these challenges, and to develop an entrepreneurial ecosystem in Arab society as part of the general strengthening of Israeli high-tech.\u201d
The program will include a number of tools modified for the Arab community in Israel: <\/p>\n\n\n\n
The Israel Innovation Authority expects to publish calls for proposals in the near future, for franchisees to run these programs. The first stage will be to encourage entrepreneurship and employment in Arab society through the use of Innovation Centers, Employment Centers, Accelerators, and Angels\u2019 Clubs.
The new ideation program operated by the Israel Innovation Authority will emphasize the importance of advancing innovative technological ideas in Arab society and turning them into new start-ups, while working to increase the number of investors in these programs at the extremely early stages, in order to create the necessary conditions for inexperienced and unconnected entrepreneurs to lead successful high-tech ventures.
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225 million five-year program to promote high-tech in Arab society. The Israel Innovation Authority and the Department for Economic Development of Minority Sectors at the Ministry for Social Equality, launch NIS 225 million five-year program to promote high-tech in Arab society. Orit Farkash-Hacohen, Minister for Innovation, Science and Technology: \u201cI was pleased to launch this […]<\/p>\n","protected":false},"featured_media":5450,"parent":0,"template":"","geographic_location":[],"collaboration_opportunities":[97,98,99,100,102,101],"mini_site_category":[],"class_list":["post-2682","press_release","type-press_release","status-publish","has-post-thumbnail","hentry","collaboration_opportunities-academia","collaboration_opportunities-enterprise","collaboration_opportunities-entrepreneur","collaboration_opportunities-government","collaboration_opportunities-investors","collaboration_opportunities-media"],"acf":[],"yoast_head":"\n