JTA NEWS
21 November 2019 - 24 Heshvan 5780 - כ"ד חשון ה' אלפים תש"פ
JTA NEWS :
New scholarship fund launched for Indian startups in Israel E-mail

A non-profit organisation, along with a trade association of Indian IT and BPO (Business Process Outsourcing) industry, has announced a US$50,000 scholarship fund for Indian startups accelerating in Israel.

The fund, created by MassChallenge Israel, along with the Deshpande Foundation and the National Association of Software and Services Companies (NASSCOM), would also provide a unique opportunity to win up to half a million Israeli shekels (US$135,000) in cash prizes.

“A US$50,000 scholarship fund has been created to support up to 10 Indian startups qualified for MassChallenge Israel’ 2019 accelerator cycle,” explained Ido Atiya, spokesperson for MassChallenge Israel.

MassChallenge was founded by John Harthorne and Akhil Nigam in 2010 with the aim of making it easy for entrepreneurs to launch and grow new ventures.
Headquartered in the US, it has offices in Boston, Israel, Mexico, Switzerland, Texas and the UK.

The selected Indian startups will join the other 2019 MassChallenge Israel finalists for a four-month equity-free accelerator programme in Jerusalem, in which they will have an opportunity to win a cash prize.

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