Israel Investing 35M Shekels In High-Tech In Negev and Galilee 

The Israel Innovation Authority (IIA) is investing 35 million shekels (approx. $10 million) to develop the high-sector in the Negev region in the south and the Galilee in the north, both of which have sustained significant damage during the ongoing conflict with Hamas in Gaza and Hezbollah in Lebanon. 

The IIA, the branch of government devoted to advancing the national high-tech ecosystem, launched the fund in collaboration with the Ministry for the Development of the Negev, Galilee and National Resilience; the Tekuma Authority to rebuild the Negev region; and the Ministry for Social Equality. 

The program provides high-tech companies with financial support for practical training for newer employees and funding for experienced employees who will mentor new hires during on-the-job training. 

Companies that are part of the initiative will be eligible for up to 70 percent of an approved budget of no more than one million shekels; up to 50 percent of an approved budget of no more than five million shekels; or up to 30 percent of an approved budget of no more than 15 million shekels.

The chosen companies will be expected to launch their programs within six months of receiving the IIA grant, and last for a period of one to two years.

“Especially during these complex times, we see great importance in developing human capital in the Negev and Galilee as a significant anchor for the growth of high-tech companies,” said Yohanan Mali, Director-General of the Ministry for the Development of the Negev, Galilee and National Resilience. 

“This program marks a turning point in the development of the Negev and Galilee, strengthening economic and employment resilience. It is another step we are taking in partnership with other entities to promote economic development and demographic growth in these regions,” he said.