The Israel Innovation Authority Brings the Periphery Closer
Over the last several years, dozens of high-tech centers were established in Israel.
Such centers are found in cities in the south of Israel (such as Beer Sheva and Kiryat-Gat), in the center (Raanana, Herzliya, Tel-Aviv, Petah Tikva, Netanya, and more) and in the north (Haifa, Tefen, Omer, Nazareth, and more).
The centers scattered around the country provide massive employment opportunities in high-tech for thousands of workers, and improve the quality of life for many residents living in the periphery.
Moreover, great initiatives for entrepreneurs and startups are also popping up in the periphery, driving towards a vibrant peripheral entrepreneurship ecosystem (including, accelerators, shared working spaces, meetups, demo days, etc.).
For example: Start Up North (SUN) (accelerator and entrepreneurial community in the Galilee), OpenValley (beautiful co-working space located in Ramat Yishai), Hamadgera (accelerator program located in Kibbutz Revivim in the Ramat Hanegev region), and more.
Unfortunately, for entrepreneurs and startup talents, this is not enough.
Startups need funding!
Historically, motivated entrepreneurs residing in Israel’s periphery felt the urge to move to the center of the country, to be closer to angel investors and VC funds.
Thanks to the Israel Innovation Authority (previously: The OCS – Office of Chief Scientist) and its impressive incubator program, this is changing.
In the last few years, new OCS licensed incubators have been created in the entire country, bridging the funding gap between the periphery and the center of Israel.
The impact of the incubators in the periphery, which are funding together with the Israel Innovation Authority at least $600,000 per startup, is palpable and material.
Entrepreneurs living in the periphery can find new incubators managed by experienced and professional investors, which will provide them with business guidance, professional and administrative services, a nice working environment, and…substantial funding!
Terra Venture Partners, which has been investing for the last 10 years in seed stage startups with great impact on the environment, health and society, was privileged to win a license to operate an incubator in Yokneam.
In the last couple of years, our Terralab incubator already invested in 12 amazing startups which develop great products that will impact the lives of millions of people, in fields such as clean energy, resource efficiency, healthcare and medical.
And many more startups to come….
So, if you have a game-changing idea that will impact positively on people’s lives…or if you are an entrepreneur with a vision for the future, looking for a dynamic and creative environment to pursue the challenge of commercializing an idea…or if you are driving on highway #6 and want to taste some fine Italian coffee – please drop by our incubator or contact us.
By the way – free Yoga classes every Wednesday at 17:00.
This article was originally published on LinkedIn.