{"id":2745,"date":"2021-12-29T11:12:00","date_gmt":"2021-12-29T11:12:00","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?post_type=press_release&p=2745"},"modified":"2023-11-30T09:40:13","modified_gmt":"2023-11-30T09:40:13","slug":"nis-54-million-to-49-entities-to-increase-the-overall-number-of-employees-in-high-tech-industry","status":"publish","type":"press_release","link":"https:\/\/innovationisrael.org.il\/en\/press_release\/nis-54-million-to-49-entities-to-increase-the-overall-number-of-employees-in-high-tech-industry\/","title":{"rendered":"NIS 54 million to 49 entities to increase the overall number of employees in high-tech industry"},"content":{"rendered":"\n

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It is estimated that these programs will result in the training and placement of about 12,000 employees<\/h2>\n\n\n\n

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Israel Innovation Authority grants NIS 54 million to 49 entities to increase the overall number of employees in high-tech industry
It is estimated that these programs will result in the training and placement of about 12,000 employees<\/h3>\n\n\n\n

Israel\u2019s Innovation Authority is granting NIS 54 million to 49 entities to increase the overall number of employees in high-tech industry.
This Government investment in addition to the mandated matching by the companies will result in an investment of about NIS 120 million in the training and placement of personnel for the Israeli innovation industry.<\/p>\n\n\n\n

The committee approved, among others, non-academic programs and training schemes, including juniors, at a total value of NIS 20 million which will train about 6,600 participants. Additionally, programs that will integrate under-represented populations in the high-tech sector for a total of about NIS 14.5 million will train about 3,200 participants: Programs that will integrate the Arab sector were awarded about NIS 7.3 million for training about 1,120 participants, specific programs to integrate women were awarded a total of NIS 4.4 million, programs to promote integration of the Ultra-Orthodox society in the high-tech sector were awarded a total of NIS 4.8 million.
Furthermore, for the first time, the Research Committee awarded funds to develop a digital platform to help connect between employers, employees and training programs.
The selected entities presented innovative and groundbreaking programs and models that will result in the training and placement of skilled human capital in the high-tech industry.<\/p>\n\n\n\n

Minister of Innovation, Science and Technology, Orit Farkash-Hacohen<\/strong>: In order to ensure Israel’s continued technological leadership for years to come, the State of Israel is required to create innovative solutions to help promote human capital for the high-tech industry. We are required to work fast and in numerous ways and channels including maximizing the potential of academia alumni, integrating underrepresented populations, promoting non-academic technological training and increasing the presence of skilled foreign employees. Such activities will enable to maintain Israel’s standing as a global innovation hub and the high-tech industry as the engine that drives Israel\u2019s economy forward.”<\/p>\n\n\n\n

Dr. Ami Appelbaum, Chairman Israel Innovation Authority<\/strong>: “Israeli high-tech demonstrated high resilience in the face of the COVID-19 crisis thanks to its ability to quickly react to new working conditions and uncertainty. Moreover, during the last year, the high-tech sector’s capital raising broke new records thus significantly increasing the need to recruit skilled employees, which in turn only amplified the chronic shortage of employees in this industry. Furthermore, the rapid growth of a large number of companies increased dramatically the need for technological and business human capital. The shortage in human capital is one of the market-failures that challenges the continued rapid growth of the high-tech industry in Israel and the ability to maintain international leadership and competitiveness. We put great emphasis on collaborating with the industry in order to create innovative solutions that will benefit and improve its status.”<\/p>\n\n\n\n

The Human Capital Fund program is designed to help solve this challenge via an innovative and groundbreaking program that will expand the offering of local employees, notably from the entire Israeli population, including underrepresented populations as well as foreign employees.<\/p>\n\n\n\n


This program will provide two grant channels:<\/p>\n\n\n\n