The Florida-Israel Business Accelerator received $1M in funding from the state of Florida.
The funding will help the accelerator to develop Israeli Startups in the Tampa Bay Area, supporting the buildout of its workspace (slated for completion this fall), as well as for operating costs including relocation incentives for startups participating in the accelerator program.
Established in 2016 by the Tampa Jewish Community Centers & Federation and led by Dr. Vicki Rabenou, President and CEO, the Florida-Israel Business Accelerator focuses on attracting and launching Israel-based startups in the United States.
FIBA utilizes a vetting process to select 6-10 startup companies per cohort.
These companies then participate in a 120-day program held in Tampa, Florida, which is designed to provide knowledge and resources necessary to build “market-ready” enterprises in the United States.
During the program, they will gain insights from a variety of business experts and have opportunities to build relationships with local business leaders.
FIBA is the first accelerator of this kind created by a Jewish Community Center or Jewish Federation in North America.