Youngstown Business Incubator assisting Israeli startups

Local executives announced a new partnership Wednesday with an Israeli investment firm known as The Junction, based in Tel Aviv

The Youngstown Business incubator received a $3 million grant for investments.


YOUNGSTOWN, Ohio (WKBN) – Directors with the Youngstown Business Incubator (YBI) are expanding their reach and helping fledgling businesses in Israel get their start.

Local executives announced a new partnership Wednesday with an Israeli investment firm known as The Junction, based in Tel Aviv.

The firm offers a competition where hundreds of small Isreali businesses are offered the chance to qualify for $100,000 in start-up money.

The partnership will give those Israeli companies access to the American market where they may be able to grow and create new jobs in the region, while also providing new customers for the tech companies working out of YBI.

“As we all know, the Israeli market is rather small, not really surrounded by friendly partners in the countries around them. They always need to look at either the North American or the European markets,” said Barb Ewing, CEO of the Youngstown Business Incubator.

The partnership came out of a trip to Israeli earlier this year by leaders with YBI as well as Youngstown State President Jim Tressel and others.

.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s