Israeli Military's Unit 8200 to Collaborate With Food-Tech Accelerator

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Brief

The accelerator is part of a plan to establish a food-tech hub in Hagar Ravet, an Israeli town located near the country's border with Lebanon [19659002] Hagar Ravet 14:11 04.07.18

Unit 8200, the Israeli military's NSA equivalent, will collaborate with the Israeli Ministry of Economy and with Jerusalem-based venture capital firm Jerusalem Venture Partners (JVP) on the food-tech accelerator in Israel's north. Israeli venture capitalist and lawmaker Erel Margalit, who is the founder and chairman of JVP, announced the collaboration on Tuesday. In April, Calcalist reported that the Israeli government approved the allocation of $ 27 million (NIS 95 million) to establish food-tech research and activity in Kiryat Shmona, a city located in Israel's north, near the Lebanese border. The food-tech hub is part of an economic development plan, Israel Initiative ii2020, which will see the establishment of seven dedicated tech hubs in areas of the country that are remote from Tel Aviv, the country's cultural and business capital.

Kiryat Shmona Photo: Avihu Shapira