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Israel Innovation Authority Calls for More Tech Labs

Submitted by Marijuana News on Tue, 01/17/2017 - 10:11

New program will encourage corporations to set up innovation labs, to foster startups and get government benefits.

The Israel Innovation Authority has set up a new “Technological Innovation Labs” program that aims to prod corporations to set up innovation labs to support startups in their field of interest.

“Open innovation is crucial for the development of companies in our advanced economy,” said Avi Hasson, chief scientist at the Israel Ministry of Economy and Industry and Chairman of the Israel Innovation Authority, which is part of the ministry. “This program will help Israeli corporations operating these labs grow and strengthen their position in Israel. It will also help multinational corporations gain exposure to the unique atmosphere of innovation in Israel and bolster their presence here. This will give a boost to Israeli industry specifically and the Israeli economy in general.”

The program aims to provide support to entrepreneurs and startups who...

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Times of Israel
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