Yissum, the tech transfer office of Hebrew University of Jerusalem, has supported the creation of an incubator aimed at early-stage startups in Jerusalem.
The incubator was established in collaboration with equity crowdfunding platform OurCrowd, telecoms equipment manufacturer Motorola Solutions and diversified conglomerate Reliance Industries.
Based at OurCrowd’s headquarters, the incubator will focus on technologies such as big data, analytics, artificial intelligence, fintech, storage, internet of things and computer vision.
The program will be led by OurCrowd, replacing Jerusalem Venture Partners that previously maintained the incubator. Applications will be accepted in the second half of the year.
The program will form part of the National Innovation Authority, Israel’s incubator initiative. It is expected to invest in some 50 businesses over the next decade.
Eduardo Conrado, executive vice-president, strategy and innovation office, at Motorola Solutions said: “In today’s technology environment, strong partnerships and strategic investments help accelerate innovation.
“The Jerusalem incubator is one element of our Israel innovation hub, which is focused on developing advanced solutions in artificial intelligence, cybersecurity and other fields.
“We are proud to be part of this important project and look forward to working with OurCrowd, Reliance and Yissum on the future of public safety technology.”