Business
Israel innovation Authority: High Tech in the Periphery
By Itzhak Rabihiya
Three incubators will be established in three regions of
The entrepreneurial incubators will be established in Carmiel in the North, Idan haNegev Industrial Park in the northern Negev and Yeruham in the South as part of the Israel Innovation Authority's Startup Division's program. Three of the bidders selected Yeruham as their location, with the selected franchisee having presented increased connectivity between the shareholders and local innovation anchors as well as increased potential to develop local industry.
The Israel Innovation Authority has selected three franchise holders to establish these three incubators in the periphery: I 4 Valley, Innegev and CANNEGEV. The franchise holders were selected in a competitive process in which twelve diverse, high-quality proposals from throughout the periphery were submitted, setting the bar high. As part of the program, franchises will enjoy support from the Israel Innovation Authority over five years (with an option for a three-year extension period) during which they will assist entrepreneurs and invest in new startups while collaborating with other entities in the incubators’ ecosystem.
I 4 Valley was selected to operate an Industry 4.0 incubator in Carmiel and in the
Innegev was selected to operate an incubator in the fields of cleantech, agritech, plastics, and advanced industry in the northern
Cannegev was selected to operate an incubator in the field of medical cannabis in Yeruham and the northern
The program to establish incubators in the periphery is intended to encourage local entrepreneurship and create startups with a high chance of expanding and creating quality jobs in the area. The program is intended to develop and strengthen regional innovation ecosystems and promote local enterprise in the periphery through dedicated incubators promoting and enabling technological enterprises, which will conduct research and development leading to commercialization. The incubator’s activities will include formulating and promoting enterprises in the periphery such as those developed by entrepreneurs or students at institutions of higher education, enterprises jointly held by industry and entrepreneurs, and enterprises launched by academic institutions.
Aharon Aharon, CEO of the Israel Innovation Authority, said: “The incubators will bring significant added value to support technological entrepreneurship in the periphery, whether via entrepreneurs or research institutions, by granting access to their wide network of contacts and potential clients and by using their vast business and technological experience in bringing products to market.
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