IncubatorThe Garage is the largest startup hub in Saudi Arabia, located in Riyadh at King Abdulaziz City for Science and Technology. It hosts over 300 startups and aims to foster innovation and entrepreneurship in the region.
Incubit Ventures
Incubit Ventures is a deep technology incubator based in Beer-Sheva, Israel, operating under the Israeli Innovation Authority. It focuses on early-stage startups in sectors such as drones, IoT, and robotics, leveraging the expertise of its parent company, Elbit Systems.
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Overview
Incubit Ventures is the technological incubator of Elbit Systems, dedicated to supporting early-stage deep tech startups. Operating within the Israeli Innovation Authority (IIA) incubators program, it is based in Beer-Sheva, Israel. The organization invests approximately $1 million in early-stage startups over the first two years of operation, supplemented by in-kind support from Elbit Systems.
Focus
Incubit Ventures specializes in investing in early-stage deep tech startups that are unique, differentiated, and based on technological or scientific advances. The sectors of interest include drones, construction, communication, automotive, advanced materials, sensing, optics, NewSpace, nano tech, IoT, energy, robotics, and additive manufacturing.
Support
Incubit Ventures offers early-stage startups investment of approximately $1 million, along with in-kind support from Elbit Systems, mentorship, and access to a robust network.
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