“At a gathering hosted by the U.S.-Palestinian Partnership [UPP] at the Harvard Club of New York last week, key leaders from New York’s investment community assembled to learn about a new venture capital fund seeking to transform the Palestinian West Bank’s burgeoning technology sector into a spark plug for economic development, job creation and regional stability.”
“The Soros Economic Development Fund, Skoll Foundation, European Investment Bank and others have collectively announced significant anchor commitments to the planned $50 million fund, which will invest in entrepreneurial companies in the Internet, mobile and software sectors that are growing out of the substantial community of software and telecom engineers and other entrepreneurs in Ramallah and throughout the West Bank.”
“To date, UPP has encouraged economic investment and educational opportunities through support of the Palestine Investment Conference , Palestinian Business and Investment Forum, expanding Youth Development and Resource Centers in the West Bank and cultivating multi-million dollar business, social and in-kind commitments from USAID, Cisco, Intel, Microsoft, Google and others.”
Read more: Leading Investors Announce Commitments to Palestinian Technology Venture Fund
2021-week25
