High tech incubators to be set up in Beersheva, Ashdod

The Beersheva incubator will focus on cyber, and the Ashdod incubator will nurture new media ventures.

The Office of the Chief Scientist has approved several new high tech incubators, two of which will be established in the south.

Jerusalem Venture Partners (JVP) is emerging from the capital for the first time, to establish an incubator in Beersheva together with BG Negev Technologies and Applications Ltd., the technology transfer company of Ben Gurion University of the Negev. The incubator will focus on cyber, one of the hottest fields in recent years in view of the steady increase in cyber attacks worldwide. JVP will invest NIS 6 million in each incubator project, of which NIS 2 million will come from the government. JVP says that it plans to invest tens of millions of shekels in the incubator, and that it would create 1,000 high-tech jobs in the city.

The Gitam BBDO ad agency and Adi Cohen, a former VP marketing at Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Shufersal Ltd. (TASE:SAE), will establish an incubator in Ashdod. The incubator, to be called Pama, will focus on new media. The owners plan to invest $20-30 million in the incubator.

Published by Globes [online], Israel business news - www.globes-online.com - on March 14, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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