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Business Incubation in Israel
In Israel there is no association for innovation centers. The following information is aimed at providing an overview and general information about the actual situation of enterprise promotion and business incubation in the country. Technological incubators are support organizations that give fledgling entrepreneurs an opportunity to develop their innovative technological ideas and set up new businesses in order to commercialize them. The incubator program is applied in all parts of the country, under the guidance and with the support of the Office of the Chief Scientist of the Ministry of Industry and trade. The program was first implemented in 1991. **Goals:** The program supports novice entrepreneurs at the earliest stage of technological entrepreneurship and helps them implement their ideas by turning them into exportable commercial products and forming productive business ventures in Israel. This is a very risky stage of business development, and commercial money does not take this kind of risk. Therefore, in order to keep good ideas from coming to naught, the State, practically speaking, assumes in the incubator program the risks that commercial investors are loathe to take, by funding this riskiest stage of their development. Through the technological incubators, the government provides entrepreneurs with physical premises, financial resources, tools, professional guidance, and administrative assistance - so that, during their stay in the incubator, they may turn their abstract ideas into products of proven feasibility, novelty, advantages, and necessity in the international marketplace. The entrepreneurs' term of activity in the technological incubator considerably enhances their prospects of raising the financial investment they need, finding strategic partners, and emerging from the incubator with businesses that can stand on their own two feet.
|Mailing address||The association is member / partner of|
|Address:||Israeli Technological Incubator Authority