Intel Announces Program for Israeli Startups Targeting Tech Inflections
June 16 2019 - 11:35AM
Business Wire
Intel Corporation today announced a program to advance open
innovation and accelerate early-stage startup companies in Israel
targeting key industry inflection points, including artificial
intelligence (AI), autonomous systems and other data-centric
technologies and business models.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190616005050/en/
From Left: Tzahi (Zack) Weisfeld, general
manager and managing director of Ignite; Avner Goren, Intel vice
president in the Architecture, Graphics and Software Group; Bob
Swan, Intel chief executive officer; and Yaniv Garty, general
manager of Intel Israel; gather for a photo after the announcement
of Intel’s Ignite program on Sunday, June 16, 2019, in Tel Aviv,
Israel. Ignite will leverage Intel’s global market access and
business and technology leadership to provide early stage startups
unique advantages on their paths to disrupt the future. The Ignite
program will begin operations in Israel this year, with plans to
scale to additional countries over time (Credit: Ezra Levi)
Based in Tel Aviv, the program called Ignite will leverage
Intel’s global market access and business and technology leadership
to provide early-stage startups with unique advantages on their
paths to disrupt the future. Following a rigorous selection
process, Intel will host 10 to 15 top pre-seed to seed startups
through a 20-week program where they will receive hands-on
mentorship from Intel and industry experts in a variety of product,
business, management and technical areas. Intel is committed to
accelerate their growth and scale their ideas for greater
impact.
“Intel has always worked in concert with open ecosystems to
scale new technologies so they can be transformational for our
customers, business and society. This process is fueled by the
innovation and passion of the startup community,” said Intel CEO
Bob Swan. “Israel has the deep skill base in AI, autonomous systems
and the underlying technologies critical to these inflections that
make it a natural choice to launch our Ignite program.”
The Ignite program will begin operations in Israel this year,
with plans to scale to additional countries over time. Diversity
will be an important guiding principle of Ignite, with startups
established, owned and run by different representatives of Israel's
diversified social mix. Intel has no plans to seek equity in or
rights to intellectual property from these companies.
Tzahi (Zack) Weisfeld, former global head of Microsoft for
Startups, will serve as general manager and managing director of
Ignite, reporting to Yaniv Garty, general manager of Intel Israel.
Weisfeld will be assisted by Avner Goren, Intel vice president in
the Architecture, Graphics and Software Group, who will connect the
Ignite program to the technical community inside Intel.
Of the Ignite program, Garty said: “As Israel’s largest
high-tech company, we want to support the major technological
changes emerging across our startup community. Ignite is an
important step in this direction, focused on our efforts to
transform the world through working on innovations in AI,
autonomous, cyber and next-generation computing. With our advances
in these areas, Intel is positioned to help companies charge
forward. I’m confident that Intel’s unique expertise in hardware,
software and manufacturing will help the startups grow and succeed.
The fact that Intel is a large corporation with over 100,000
employees worldwide and very substantial Israeli presence (12,000
employees including subsidiary Mobileye) will greatly help the
companies taking part in this program.”
About Intel
Intel (NASDAQ: INTC), a leader in the semiconductor industry, is
shaping the data-centric future with computing and communications
technology that is the foundation of the world’s
innovations. The company’s engineering expertise is helping
address the world’s greatest challenges as well as helping secure,
power and connect billions of devices and the infrastructure of the
smart, connected world – from the cloud to the network to the edge
and everything in between. Find more information about Intel at
newsroom.intel.com and intel.com.
Intel and the Intel logo are trademarks of Intel Corporation in
the United States and other countries.
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Alexa Korkos415-706-5783alexa.korkos@intel.com
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