Israel Entrepreneurial Finance Initiative

Here is a very interesting initiative put together by the Milken Institite. The Israel Entrepreneurial Finance Initiative is designed to develop and pilot a sustainable model for microenterprise and small-business development and financial growth. The initiative is comprehensive effort to engage the public, private and philanthropic sectors to address the challenges facing these firms. It leverages existing resources and introduces innovative financial technologies.

The initiative’s primary objective is to strategically deploy philanthropic contributions to develop a specific set of credit facilities and vehicles. The increased capital facilitated by the initiative will help Israeli microenterprises and small businesses achieve economic independence, create private sector employment and contribute to the national economy.

As some of you know, because of prolonged conflict and uncertainties in the Middle East, Israel's economy has taken a nosedive. Its technology business sector has been forced to migrate to locations outside the country and the region. Of course, many areas across America have been working to reel in the new tech starts.

Read more here.