The 'Pitch Your Bridge' event hosted by JVP featured more than 60 entrepreneurs from Jerusalem, Gaza, Nablus, Rahat, and the UAE.

The city is home to 100 multinational corporations in 2020, up from 70 in 2017, in addition to over 2,000 local startups, according to the municipality.

The financing round was led by billionaire Gary Fegel, a close associate of ex-Israeli prime minister Ehud Barak who serves as board chairman.

A recent study by the OECD has shown that Israel has the second-highest percentage of billionaire entrepreneurs in the world! The report ranked the best breeding-ground for financial entrepreneurial success, and it's Israel.

New Generation Technology, a high-tech incubator founded by Jewish and Arab entrepreneurs to develop ideas by Arab-Israeli scientists, utilizes the vast knowledge that the Israeli-Arab community has amassed in life sciences.