Israel Security Agency, Tel Aviv University Venture Arm Announce First Accelerator Cohort
Seven startups in the domains of artificial intelligence, natural language processing technologies, data science and robotics were chosen for the first cohort of the program
Hagar Ravet | 17:01 04.07.2018
In May, the Israel Security Agency, also known as Shin Bet, announced a partnership with Tel Aviv University's TAU Ventures to establish an early stage accelerator program called The Xcelerator. The first cohort of the program, which will last four months and focus on the domains of artificial intelligence, natural language processing technologies, data science, and robotics, was announced Monday.
For daily updates, subscribe to our newsletter by clicking here.The seven participating startups were chosen by a joined committee, and received a no-strings-attached grant of NIS 50,000 (around $13,700) from the agency.
The seven startups chosen are at the cutting edge of deep technology in Israel, said in a statement Nimrod Cohen, TAU Ventures’ managing partner, who will be running the program.Another Israeli security agency involved in the local startup scene is Mossad, which launched a technological innovation fund called Libertad Ventures last year. The fund announced it made its first investments in March.