STMicroelectronics Launches Israel Startup Accelerator
Dubbed ST-Up, the accelerator will select 3-5 local companies for its 18-month program by spring
Geneva-headquartered chipmaker STMicroelectronics N.V. announced Wednesday the launch of an Israeli startup accelerator focused on advanced mobility and IoT. Dubbed ST-Up, the accelerator will select 3-5 local companies for its 18-month program by spring.
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The program’s goal is to form long-term collaborations with companies that show significant growth potential, the company said in a statement. In addition to mentoring, selected startups will gain access to the company’s resources including research and development, manufacturing and testing facilities as well as connections to partners of the chip company.
![Chips (illustration). Photo: pixabay.com Chips (illustration). Photo: pixabay.com](https://pic1.calcalist.co.il/PicServer2/20122005/594978/7_l.jpg)
Founded in 1987, STMicroelectronics has 43,500 employees in over 90 facilities worldwide. The company established an on-ground operation in Israel following the acquisition of Israel-based mobile projectors company Btendo Ltd. in 2012.
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In 2017, STMicroelectronics reported over $8.3 billion in revenues.