Israel Sets Up Innovation Incubators in Country’s Rural Areas | Algemeiner.com

CTech – The Israel Innovation Authority (IIA), the government’s tech investment arm, is launching another venture intended to encourage local entrepreneurship in Israel’s rural areas. With an overall budget of NIS 180 million ($50.4 million) over eight years, IIA is looking to set up innovation incubators that will receive a budget of up to NIS 1.5 million ($420,000) a year for operating costs. Initially, IIA will hold a tender for three incubators.