The Israel Innovation Authority announced that it will fund training and placement schemes with a total budget of NIS 36.4 million (of public and private funds), based on the Human-Capital Fund Program.
In total, 38 schemes applied for the program, of which 15 outstanding initiatives were selected to receive an aggregate sum of NIS 17.6 million of public funds. These funds will be used for training and placement of 2,550 program graduates, in various growth sectors in the Israeli tech industry.
For the first time, the initiatives selected include programs training human capital for integration in companies operating in advanced tech fields such as bio-convergence (companies combining biology and engineering), digital medicine and big data for medical applications, and foodtech (foodtechnologies).
Olim Integration
Also selected were schemes dedicated to integrating olim (new immigrants from around the world arriving under the Law of Return), as well as Israeli citizens returning from life overseas, into good positions in the Israeli tech industry.
This aspect of the initiative is in collaboration between the Innovation Authority and the Ministry of Immigration and Absorption, which launched a multiannual joint working plan dedicated to drawing high-quality human capital to Israel from overseas–including Russia and Ukraine – and integrating them into the Israeli tech industry.
Dror Bin, CEO of the Innovation Authority explains: “The human resource potential presented by olim, persons with rights under the Law of Return, and Israeli citizens returning from life overseas, is sizeable. The purpose of the selected schemes targeting this focus is to promote integration of talented and experienced olim, persons with rights under the Law of Return, and Israeli citizens returning from life overseas into the Israeli tech industry while leveraging their relative advantages, with the goal of preserving our international status as a leading global hub of innovation.”
The Schemes
15 schemes are funded by Innovation Authority and selected. The press release explains: “The tech industry is the growth engine of the Israeli economy, even in periods of slowdown. The development and adaptation of technological platforms and dedicated training, including in ground-breaking fields such as bio-convergence, medical big data and foodtech, will prepare Israel for the evolving needs of the most innovative sectors of the industry. The purpose of the schemes selected by the committee is to make the world of tech even more accessible to thousands of additional employees from a variety of populations, assisted by targeted, innovative and quality training.”
The 15 schemes are. Please find below the charts (by Israel Innovation Authority) the links to the organizations in charge.
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