NGT a unique venture on the Israeli horizon, is the first Jewish - Arab high-tech business venture to begin operation in the country. Supported by the Jewish-Arab Center for Economic Development (www.cjaed.org.il), an official Government decision made possible the establishment of the first Jewish-Arab Technological Incubator, located in Nazareth.

The initial seed capital required to obtain the governmental franchise to run a technological incubator was raised by a group of 5 Arab businessmen along with Mr. Gilo Davidi, a Jewish high-tech entrepreneur. The incubator has been in operation since July, 2002.

The term technological incubator applies to a support organization that provides fledgling entrepreneurs the opportunity to develop their innovative technological ideas and to set up businesses in order to commercialize them. The NGT franchise entitles it to run such a technological incubator with 85% of the financing of the projects' early stage budgets provided by the Office of the Chief Scientist of the Israel Ministry of Industry and Trade.

The NGT Incubator's establishment answers the needs of those Arab entrepreneurs who had felt that in the past there was a need to equalize the entrepreneurial options for Arabs in Israel. As a Jewish - Arab owned venture with a cross-culture staff and entrepreneurs, NGT will be able to attract Arab entrepreneurs who are seeking real cooperation based on mutual business interests.

A backward glance at NGT since its establishment indicates that an estimated 95% or more of the potential Arab high-tech entrepreneurs in Israel who are looking to establish new business ventures have applied directly to the incubator. And, as a whole, approximately 40% of all the entrepreneurs who have applied to NGT are Arabs.

Of the 12 operating projects at NGT, seven are the initiative of Arab entrepreneurs, two are a joined Arab - Jewish initiative, and four are of Jewish entrepreneurs. The personnel at the incubator and portfolio companies at all levels both Arab and Jewish.