A new initiative by the microprocessor giant Intel will help aspiring Israeli entrepreneurs make their ideas a reality. On Monday, the company announced that as part of the Intel Ingenuity Partner Program (IPP), Intel would let Israeli entrepreneurs tap into the company’s business and marketing resources as well as its advanced technological know-how.
Nine Israeli companies will participate in the inaugural six-month cycle of the program, after which point they will get the opportunity to collaborate with Intel on various marketing ideas. Intel will also match the companies with mentors throughout the entire period, using the mentors’ expertise and ties within Israel’s high-tech industry to promote the start-ups’ projects. The research and development in the program includes telecommunications, big data, and robotics.
The companies presently taking part in the Intel IPP are DOV-E, Eagantu, Extreme Reality, Green IQ, Lexifone, Onysus, PowerTags, Robomow, and Safe Solution. As part of the program, the start-ups will have to provide a prototype of their invention or some other proof of concept.