Technological Incubators
Technological incubators are support corporations that offer an opportunity to develop innovative technological ideas and set up new businesses in order to commercialize them. Incubator programs are being implemented throughout the country, supported by the Chief Scientist Office of the Ministry of Trade and Industry. Through incubators, entrepreneurs with innovative technological ideas are given the opportunity to lunch their initiative in every sense of the word. In Israel incubators have special status, given that they are operating with the support of the government, which funds 85% of the total of 700 thousand dollars allocated to each company that has been accepted to the incubator.
Technological Incubator programs are relevant for entrepreneurs with innovative technological ideas that are at the first stages of business development and have difficulty in raising private capital. The development idea proposed to the incubators should be highly innovative, have a high business potential and possess a competitive advantage over potential competitors in the market. In addition, the entrepreneur should have the capability to protect the intellectual property of the project and have at his or hers disposal a leading team for developing the idea as part of the incubator program.
The incubators support the projects for a period of around two year and with a total budget of about NIS 2-3.5 million, depending on the scope of the project. 15% of the total budget is backed by the incubators and 85% by the government in a form of a grant; that will be paid back only if the enterprise succeeds .The startup will pay to the government royalties of 3% to 5% from the revenues that will be generated each month, up to the full amount of the award plus interes.
1. Significant financial support – A budget of NIS 2-3.5 million (depending on the type of the venture and on the location of the incubator) for a period of two years.
2. Control of the company – The founders will maintain 50%-70% of the shares from that company that will be established through the incubator; without any financial investment from their part.
3. Infrastructure and professional support – Incubator provides all the necessary infrastructure for the development of the product, including technical support and business mentoring, administrative services and legal and marketing consulting.
4. Partnerships – The incubators offers synergies with other companies operating under it.
5.Down the road – Incubators help locate potential customers and investors and help in raising funds.
List incubators currently operating in the country
Abital Pharma Pipelines Ltd
Shareholders: Goldsobel Group & Ofer Hi-Tech
License end date: June 30th, 2015
Fields of activity: Life Science
Manager: Avi Goldsobel
Address: P.O. Box 620, Yoqneam 20692
Tel: 972-4-9090000
Fax: 972-4-9090001
E-mail:home@naiot.com
Web-site:www.naiot.com
Alon-MedTech Ventures Ltd (Peripheral Incubator)
Shareholders: Dr. Shimon Eckhouse
License end date: May 31st, 2021
Fields of activity: Medical Device & Health Technologies
Manager: Dr. Daphna Heffetz
Address: Beit Hermon., Yoq’neam High-Tech Park, P.O.Box 128
Tel: 972-4-6432991
Fax: 972-4-6432998
E-mail:office@alon-medtech.com
Web-site: www.alon-medtech.com
Explore. Dream. Discover Ltd
Shareholders: Plus Ventures, 2B Angels
License end date: December 31st, 2016
Fields of activity: Internet, Mobile and New Media
Manager: Duby Lachovitch
Address: 13 HaTnufa St . , Yoq’neam High-Tech Park
Tel: 972-073-2008000
Fax: 972-073-2008001
E-mail:info@exploreventures.co.il
Web-site: www.exploreventures.co.il
Incentive Incubator Ltd (Peripheral Incubator)
Shareholders: Peregrine Ventures
License end date: December 31st, 2020
Fields of activity: Medical Device & Software
Manager: Lior Shahory
Address: Ariel College Campus., P.O. Box 3, M.P. Efraim 44820
Tel: 972-3-9364754
Fax: 972-3-9366873
E-mail: admin@incentive-il.com
Web-site: www.incentive-il.com
Incubit Technology Ventures Ltd (Peripheral Incubator)
Shareholders: Elbit Systems Ltd
License end date: December 31st, 2020
Fields of activity: Medical Device, ICT, Cyber, Electro-Optics
Manager: Ran Bar-Sella
Address: 77 Energy St, Beer Sheba, 8470912
Tel: 972-77-7779777
Fax: 972-77-7779770
E-mail: info@incubitventures.co.il
Web-site: www.incubitventures.co.il
JVP Cyber Labs (Peripheral Incubator)
Shareholders: JVP Labs Seed Negev, B.G Cyber Technologies
License end date: April 30th, 2021
Fields of activity: Cyber Security & Enterprise Software
Manager: Yoav Tzruya
Address: 77 Energy St, Beer Sheba, 8470912
Tel: 972-2-6409031
Fax: 972-2-6292010
E-mail:yehuditb@jvpvc.com
Web-site:www.jvpvc.com/cyberlabs
JVP Media Studio LP
Shareholders: Jerusalem Venture Partners
License end date: June 30th, 2016
Fields of activity: New Media & Enterprise Software
Manager: Haim Kopans
Address: 28 Hebron Road , Jerusalem 93542
Tel: 972-2-6409031
Fax: 972-2-6785128
E-mail:haim@jvpvc.com
Web-site:www.jvpvc.com/medialabs
Kinrot Ventures LP
Shareholders: Hutchison Water
License end date: January 31st, 2021
Fields of activity: Cleantech Technologies
Manager: Roy Weisner
Address: 8a’ HaTzoran St., Poleg Industrial Area P.O.Box 8814, Netanya 4250408
Tel: 972-74-7136666
Fax: 972-4-6709014
E-mail:info@hutchisonkinrot.com
Web-site:www.hutchisonkinrot.com
Trendlines Medical – Misgav Ltd
Shareholders: Trendlines
License end date: June 30th, 2016
Fields of activity: Medical Technology
Manager: Eran Feldhay
Address: 17 Techelet (sky) St., Misgav Business Park, M.P. Misgav 20174
Tel: 972-72-2607000
Fax: 972-72-2607222
E-mail:omer@trendlines.com
Web-site:www.trendlines.com/medical
Trendlines Agtech – Mofet Ltd (Peripheral Incubator)
Shareholders: Trendlines
License end date: June 30th, 2016
Fields of activity: Agritech
Manager: Dr. Nitza Kardish
Address: Gush Etzion Industrial Park
Tel: 972-72-2607030
Fax: 972-72-2607240
E-mail:michal@trendlines.com
Web-site:www.trendlines.com/agtech
NGT – V.C. 2012 LP (Peripheral Incubator)
Shareholders: Various Angels
License end date: December 31st, 2020
Fields of activity: Life Science
Manager: Nasri Said
Address: Nazareth Elit., P.O. Box 1252, Nazareth 17111
Tel: 972-4-6564118
Fax: 972-4-6564129
E-mail:nasri@ngt-vc.com
Web-site:www.ngtnazareth.com
Nielsen Innovate Fund LP
Shareholders: AGB Nielsen Media Research BV & Partam High-Tech
License end date: January 31st, 2021
Fields of activity: Internet, Communication, Mobile, Telecom & Media
Manager: Esther Barak-Landes
Address: 15 Halamish St. Caesarea 30889
Tel: 972- 72-2700790
Fax: 972- 72-2700791
E-mail:info@nif.co.il
Web-site:www.nif.co.il
RAD BioMed Incubator Ltd
Shareholders: Mr. Yehuda Zisapel
License end date: June 30th, 2016
Fields of activity: Life Science & Medical Device
Manager: David Zigdon
Address: Migdalei Orr – Building A, 27 Habarzel St. Tel-Aviv 69710
Tel: 972-3-7684929
Fax: 972-3-7684941
E-mail:info@radbiomed.com
Web-site:www.radbiomed.com
Terralab Ventures LP (Peripheral Incubator)
Shareholders: Terra Venture Partners
License end date: December 31st, 2020
Fields of activity: Cleantech
Manager: Barak Goldstein
Address: 4 Hamada St. , Yokneam Illit 20692
Tel: 972-4-6262660
Fax: 972-4-6262661
E-mail:raphael@terralb.com
Web-site:www.terralb.com
The Time Innovation Ltd
Shareholders: Ilan Shiloach, Nir Tarlovsky & Others
License end date: June 30th, 2016
Fields of activity: New Media
Manager: Uri Weinheber
Address: 6 Ha ‘nechoshet St. , Ramat Hachayal, Tel Aviv 69710
Tel: 972-3-6475788
Fax: 972-3-6473819
E-mail:uri@thetime.co.il
Web-site:www.thetime.co.il
Van Leer Xenia GP
Shareholders: Van Leer Technology Ventures Jerusalem & Xenia Venture Capital
License end date: March 30st, 2021
Fields of activity: Medical Device, Advanced materials, Industrial Applications and IT
Manager: Ori Choshen
Address: High – Tech Village, Givat Ram Campus, Hebrew University, P.O.Box 39158, Jerusalem 91391
Tel: 972-2-6553333
Fax: 972-2-5661881
E-mail:info@vlx.co.il
Web-site:www.vlx.co.il
FutuRx Ltd
Shareholders: OrbiMed, JJDC (J&J Development Corp.), TVI (Takeda Ventures Inc.)
License end date: December 31st, 2021
Fields of activity: Biotechnology
Manager: Dr. Einat Zisman
Address: 2nd Ilan Ramon St., POB 4044, Science Park Ness Ziona, 7403635
Tel: 972-8-9553100
Fax: 972-8-9553111
E-mail:info@futurx.co.il
Web-site:www.futurx.co.il
