Date: 19/03/2014
The presentation includes• The Concept of Business Center – Incubator Program
• Nazareth Business Incubator Center – NBIC
• The Acceleration program - NazTech
Definition
• Business Centers/ Incubator: Is an economic development tool, seeks to accelerate the growth and success of entrepreneurial companies, by:• Business support resources and special package of services.• financial viable.• Reducing Head-Cost.• Networks.
Business Center/Incubators goals and objectives:
• Goals:• Help the growth of new companies.• Help the survival of new companies.
• Objectives:• Creation of 10 new jobs after 2 years.• Satisfaction average - min. 80% of all services.( Logistics and
administration, guidance, networking, access to finance, mentoring, events, etc’..).
Business Center/Incubator Services
Nazareth Business Incubator Center - NBICBackground:• NBIC was launched at Feb. 2012• It is subsidized from the Ministry of Economy and the Authority for
Economic Development for Arabs at the P.M office.• Aims to support Arab Minorities.• Mati Nazareth – The Center
for Business Development – Won the call to establish and run the NBIC.
Mati Nazareth
Other services
Consultancy/courses and others
Programs/Services for Women Laons
NBIC
- Special package of services for Hi-Tech
entrepreneurs
Incubator Models
NBIC Vision:
To Lead social-economical development of the Arab sector seeking diversity of business segments and aiming to influence the Arab
sectors’ perception of entrepreneurship and risk taking.
1. Encourage Hi-Tech initiatives and building entrepreneurship eco-system.
2. To make real social-impact.
GOALS
Objectives:
• To have 5 funded businesses after 2 years.
• To create 10 new jobs.
• To have 7 sustainable new businesses after 2 years.
NBIC Strategy:
Motto and Positioning:Mati Nazareth and NBIC are the only non-for-profit organizations seeking to bridge the entrepreneurship gap between The Arab and Jewish communities. We are working to successfully establish a sustainable entrepreneurship eco-system by investing great efforts in developing partnerships and collaborations with leading organizations, from the private and the public sectors, to assure real and substantial social impact, especially at the Hi-Tech industry.
To Have partners and to develop Partnerships
Main Partners:
France Embassy
Ourcrwod
Afterdox Banks StarTau
Presentense
Afifi Group Bird Fund
MAF
Nazareth Municipality
UK Embassy
US Embassy
Our Activities and events:
• Logistics and Administration services.• B.P, technological and economic feasibility, market research,
go to market strategy…• Accessibility to finance – Funds and investments.• Mentoring and networks.• Accelerating and supporting forums. (MOMO, CEO…)• Events and Conferences.• Delegations.• Courses and workshops.
Examples: Events and Conferences Chief Scientist
office conference09/02/2012
Hackathon #107-08/09/2012
StartUp Weekend08-09-10/11/2012
Breakfast with Angles12/2012
Speed Dating Naz20/02/2013
Developers Breakfast – MOMO &
Nokia 12/06/2013
CEO’ Forum27/05/2013
franchises21/01/2014
Partnership for success
09/10/2013
Hackathon #226-27/10/2013
Mobile Monday Nazareth
27/05/2013
Examples: Delegations
Japan’s Delegation – with MOMO 24/04/2013
French Consul22/02/2013
Bank Hapoalim 28/03/2013
Xavier University delegation07/05/2013
US Consul05/06/2013
JBC delegation11/06/2013
Golda Meer Center delegation13/06/2013
AIPAC delegation19/06/2013
South Africa delegation23/06/13
Women entrepreneurs22/08/2013
Harvard UniversitySIRI founder
Examples: Courses and WorkshopsYazamot Illit course with StarTau
First cycle: 03/04/2013 – 17/07/2013 Second cycle: 05/11/2013 – 19/02/2014
Work shop Crowd Funding
with Sherwood Ness
Cisco Israel CEO –Internet of things
Access to Finance:
• 2 Initiatives got 300K-500K grants from Bird Fund.• 3 entrepreneurs got grants from “Tnofa” fund at C.S.O• 3 entrepreneurs got grants from the programs for the
provision of Aid for placement of new employees – Minority directive.
• One initiative got investment from Jordanian angle.• Another got investment from a local angle.• Another 4 entrepreneurs are discussing Term Sheet conditions
for investments.
The Acceleration Program - NazTech• The Need:
• After two years at the NBIC, we think that there is two obstacles/barriers that Arab Hi-Tech entrepreneurs faces:
• Lack of experience – How to take an idea to the startup stage and then to “exit” stage.
• Lack of “SEED and Pre Seed Investments.
The Acceleration Program - NazTech
• The concept:• NAZTECH is an intensive five month acceleration program. It Contains
all the elements of success factors that an entrepreneur need to take his idea to startup, such as: Mentor, Coacher, Expert, consultant, Roundtables, Boot camp, lectures, investors and VC’s, Network and Demo Day.
The Acceleration Program - NazTech
• Goals:• To help the growth of initiatives at the Hi-Tech industry.• To help launching the entrepreneurship eco-system.
• Objectives:• To have 2strategically investments ( Money , Smart money or in-
kind services).
The Acceleration Program - NazTech
‘Open House’ event
23/12/2013
‘Speed Interviews’ event
22/01/2014
‘Orientation Day’ event
03/02/2014
The Acceleration Program – NazTech
Presenting the Acceleration Program to the President.
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Local Media:- Gafra- Bokra- Panet- Alarab- And others.
Thanks for Listening
Q/A