Jerusalem Launches Accelerator for Haredi Entrepreneurs
Among the selected projects is a reservation management tool for mikvehs, ritual bathhouses used for religious purposes in Judaism
The goal of the 6-month program is to bring projects from inception to fruition as operational startup companies. Twelve projects, five of which are led by women, were chosen for the program and will receive professional, technological, and business-oriented mentorship, assistance in finding funding opportunities, and help in establishing a professional network, according to a statement released by the city Monday. The accelerator will be operated by Israel-based accelerator management company Cinnovate, a subsidiary of holding company Eshet Group Ltd. and The Ministry of Industry, Trade and Labor at Jerusalem's Young Adults Center.
Israel’s tech industry has been suffering from an acute talent crunch for the past few years. As it becomes increasingly difficult for the local industry to recruit new employees and maintain their current staff, some set their eyes on the currently untapped Haredi population.
Amounting to 11% of Israel’s population as of 2018, the ultra-Orthodox population is expected to account for 32% of the population by 2065, according to data from Israel’s Central Bureau of Statistics.
Correction, July 2, 2019: this article has been edited to include additional partners in the project, which were not previously mentioned.