Hybrid, funded by the Ministry of Economy and Industry and operated by the 8200 Alumni Association, will run out of the Nazareth Business Incubator Center
The Ministry of Economy and Industry is proud to announce the launch of Hybrid, a new and innovative program for promoting start-ups in the Arab sector, at the Nazareth Business Incubator Center (NBIC), in cooperation with the 8200 Alumni Association. The program aims to help advance new initiatives in the Arab sector, with the goal of significantly increasing the number and quality of start-ups in the Arab sector.
To this end, the program will operate in association with a large number of partners from the hi-tech industry, including Bank Hapoalim, EMC, Coca-Cola, SAP, and the Nazareth software company, Galil Software. Last week the program’s management team issued a public call to find suitable enterprises, from which ten start-ups will be chosen to participate in the program, which will officially begin in April 2016.
The Hybrid program includes an intensive track over several months that will nurture several outstanding Arab start-ups, identified by us as having the greatest possible potential for success. These start-ups will undergo a meticulous selection process and, once selected, will receive a broad range of support, including workspace and professional support and guidance from entrepreneurs, investors and others in the field. The program will be based on the model of intensive content days, to be held in Nazareth and locations in central Israel.
Hybrid is a cooperative effort between the NBIC and the 8200 Alumni Association, which is identified with advancing Israeli entrepreneurship and successfully operates two additional acceleration programs: the EISP Startup Accelerator and a social enterprise program. Hybrid is led by Fadi Swidan, director of the NBIC, and Eitan Sella, a former entrepreneur and 8200 alumnus.
The program operates within the framework of the government policy that, in 2007, defined the inclusion of the Arab population in the Israeli hi-tech sector as a national priority.