iphones R 311.
(photo credit: REUTERS)
The Economy and Trade Ministry’s Agency for Small and Medium Businesses on
Wednesday launched a mobile application for small and medium-sized business
The app, available for iPhone and Android users, is meant to
consolidate and simplify the process of opening and running a business, serving
as a hub for various services and important information provided by the
It provides information on loans, grants and foundations,
training programs and advice, and even has a handy calculator to help people lay
out a business plan and figure out cash flow.
“We’re taking an important
step today toward consolidating information, accessibility for all and data
transparency,” Economy and Trade Minister Naftali Bennett said.
knowledge and tool will allow business owners to realize benefits, receive
assistance and training and lead the business toward growth.”
the necessary information and tools for starting a business was one of the
leading roadblocks new entrepreneurs faced, he said.
director, Ran Kiviti, said in an information age, there should not be a need for
agents or middlemen to access the basic know-how needed for starting a
“We want the small shop to have the same abilities as the
international chains,” he said, “and not because it managed to acquire
data gathering services, but because the information is open and accessible and
is built on the most updated technological infrastructure.”
made small and medium-sized business growth a central guiding point for his
tenure in the ministry. Small and medium sized businesses represent 99 percent of
all businesses in Israel and employ about 47% of private-sector employees.