16 Million NIS to New High-Tech Companies in the Peripherie of Israel

“The Israel Innovation Authority announced today the approval of 15 projects under its “Startup for High-Tech” program to establish new branches of high-tech companies in priority areas across Israel, spanning from the north to the south. The initiative, undertaken in collaboration with the Ministry for the Development of the Negev, Galilee, and National Resilience; the Ministry for Social Equality (as part of the 550 Five-Year Plan); the Tkumah Directorate; and the Ministry of Jerusalem and Heritage, represents a combined investment of 16 million NIS from government ministries and 13 million NIS in private funding, amounting to a total of approximately 29 million NIS'”, according to the press release of the Israel Innovation Authority.

The Winning Projects are:

1. “ITWorks Empowering People”: This company specializes in recruitment, mentoring, and employment for underrepresented populations. Branch offices will be opened in East Jerusalem, Julis, and the Triangle region.
2. “Place.IL Association”: Focused on integrating underrepresented populations into leading high-tech companies, new branches will be established in the Tkumah region.
3. “Or Movement”: Supporting the establishment of high-tech branches in the western Negev and Tkumah region.
4. NorthMed Innovation Center in Sakhnin: In collaboration with Gissok, new branches specializing in VLSI and other high-tech fields will be established in northern peripheral areas.
5. TSG IT Advanced Systems: Developing control, monitoring, and emergency preparedness systems, a branch will be opened in Ariel in partnership with the Innovatech Innovation Center.
6. SeaNovation Eilat Eilot Ltd.: Partnering with Qualitest to open a branch in Eilat.
7. Qassem High-Tech Park Ltd.: Partnering with SUNUP to establish branches specializing in smart home technology and cyber analytics, in collaboration with CyberArk.
8. Desert Innovation for Desert and climate technologies: Establishing two branches in data and drone technologies in collaboration with Tech19 and Negev19.
9. Techlinic Innovation Center: Opening development team branches in East Jerusalem.
10. NorthMed Innovation Center: Establishing six branches in the northern periphery.
11. GSOC in collaboration with the Golan Economic Corporation: Opening a branch in the Golan Heights specializing in ASIC VLSI.
12. Nistec Merkaz Ltd.: Opening an R&D branch in the Golan Heights.

The “Startup for High-Tech” program seeks to address this trend by creating new employment opportunities in peripheral regions. It aims to expand the geographic distribution of Israel’s high-tech industry and the available human capital.

Yitzhak Wasserlauf, Minister of the Negev, Galilee and National Resilience: “One of the central elements in reducing disparities in the Negev and Galilee is bringing quality employment. Such employment attracts a young and vibrant population, ensures ongoing demographic growth, and strengthens the entire region. I commend the governmental collaboration to enhance employment in these regions and call on all government entities to expand these commendable efforts in the coming years.”

based on the press release of the IIA (5.01.2025). Selected as relevant/regrouped/shortened/edited by VonNaftali. Pic AI-generated. Illustrative.