Israel launches $70.8 mn programme to boost hi-tech in Arab sector

Spread the love
Israel launches $70.8 mn programme to boost hi-tech in Arab sector

Jerusalem:  Israel has launched a 225-million-shekel ($70.8 million) programme to boost high-tech developments in the Arab sector in the country.

The five-year plan, announced by the Israel Innovation Authority (IIA) and the Ministry for Social Equality, on Wednesday, is set to encourage entrepreneurship and hi-tech employment in the Arab communities, Xinhua news agency reported.

The programme includes the setup of entrepreneurship centers, technological accelerators to advance new ideas, angel clubs to recruit investors, and a technological incubator to promote Arab entrepreneurship.

“Incorporating high-tech employees from the Arab sector is a highly important social, financial, and strategic need,” said Orit Farkash-Hacohen, Israel’s minister for innovation, science and technology.

In 2019, only one percent of high-tech employees in Israel were from the Arab society, said a report published by the Bank of Israel.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor.– IANS

Post Disclaimer

Disclaimer: Israel launches $70.8 mn programme to boost hi-tech in Arab sector - Views expressed by writers in this section are their own and do not necessarily reflect Latheefarook.com point-of-view

Leave a Reply

Your email address will not be published.