PRESIDENT SHIMON PERES frequently talks about the potential benefits to the economy if a significant percentage of the trained Arab workforce were to be absorbed into Israel’s hi-tech industries, or alternately set up such industries of their own.

To encourage Arabs to put their hi-tech knowledge to use, his son, Chemi Peres , a managing general partner and co-founder of Pitango Venture Capital, along with Jerusalem Venture Partners and Imad Telhami, an entrepreneur from Israel’s Arab community, have joined forces to create an Arabic language technology incubator for startups geared to attracting local Arab entrepreneurs, to be located in the north. It will provide training and physical facilities and will also fund innovative start-ups.

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