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2017-12-15 digital edition
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The Jewish Press of Tampa and the Jewish Press of Pinellas County are Independently- owned biweekly Jewish community newspapers published in cooperation with and supported by the Tampa JCC & Federation and the Jewish Federation of Pinellas & Pasco Counties, respectively. Copyright © 2009-2018 The Jewish Press Group of Tampa Bay, Inc., All Rights Reserved. 


 

December 15, 2017  RSS feed
Organizations

Text: T T T

FIBA not the only venture in Florida to mine Israeli talent

The Florida Israel Business Alliance based at the Bryan Glazer JCC in Tampa is not the only entity seeking to form ties with Israeli companies in hopes of helping those companies establish a market in the U.S. and create jobs and commerce in the Sunshine State.

A new organization, the Israel-Florida Innovation Alliance (IFIA), was recently created with a mission to help Israeli innovation companies pick Florida as their U.S. headquarters, serving as a gateway for expansion into U.S. and Latin America markets.

IFIA was recently formed through a partnership of StartUp Nation Ventures with the Israel Innovation Authority. That partnership was recently recognized in Tel Aviv as part of Florida Gov. Rick Scott’s business development mission to Israel.

“This agreement will provide vital resources to entrepreneurs and drive innovation forward in both Israel and Florida. In Florida, our focus on cutting taxes and reducing burdensome regulations has created a business-friendly environment so job creators can succeed, and we are proud to welcome and support the growth of Israeli small businesses,” Scott said.

Through the new alliance:

• StartUp Nation Ventures is a crowdfunded organization that will invest up to $500,000 in select Israeli innovative companies and provide them with strategic, operational, and professional support. The capital investments aim to accelerate U.S. market penetration through public/private partnerships. This framework provides these ventures with products/solutions analysis, testing, licensing and growth of these new established Florida based operations.

“Our growing public/private partnership ecosystem will help these promising early-stage companies test, adapt, and validate their solutions for the U.S. and Latin American markets, ultimately, helping our largest employers pursue market opportunities and leverage disruptive innovations to solve the most pressing industry needs,” said Vicki Rabenou, originally from Jerusalem who served as FIBA’s first CEO, but left and co-founded StartUp Nation Ventures in 2017.

• Israel Innovation Authority (“IIA”), an Israel government ministry, may award research and development grants up to $250,000 to support the scaling and expansion of Israeli innovation companies’ products/solutions into the U.S., and Latin America markets. The IIA provides a three-month due-diligence process for grant applicants, awarding up to 50 percent of the company’s research and development costs.

“We’re excited to build upon the existing relationship with the state of Florida and the very successful, ongoing initiative with the Space Florida Partnership,” said Aharon Aharon, Israel Innovation Authority CEO. “We will continue to strengthen the alliance between the state of Florida and the state of Israel with joint activities to advance innovation and economic development for the benefit of the two states.”


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