Israel Wants to Build a Food-Tech Hub Near Lebanon’s Border
The Israeli government approved the allocation of $27 million to build a food-tech research institute, startup accelerator and a micro industry hub in its northernmost city Kiryat Shmona
Hagar Ravet | 19:12 15.04.2018
Israel will allocate $27 million (NIS 95 million) to establish food-tech research and activity in Kiryat Shmona, a city located in Israel’s northern region, near the Lebanese border.
For daily updates, subscribe to our newsletter by clicking here.The Israeli government approved the plan on Sunday, as part of an economic development plan that will see the establishment of seven dedicated tech hubs in areas of the country that are remote from Tel Aviv, the country’s cultural and business capital.
The initiative, called Israel Initiative ii2020, was spearheaded by Israeli venture capitalist and former lawmaker Erel Margalit, who is the founder and chairman of Jerusalem-based venture capital firm Jerusalem Venture Partners (JVP).
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