The Northern Israeli Tech Fund
About us
NIT is a private impact fund, powered by volunteers and comprised of professionals with deep expertise across all key sectors essential for supporting technological ventures - entrepreneurs, legal experts, economists, engineers, media and HR specialists, and others.
We are committed to fostering sustainable and thriving communities in towns, kibbutzim and moshavim in Northern Israel, providing financial and professional support to technology-based ventures and startups.
Our mission is to cultivate a technological ecosystem of startups, ventures and service providers among northern residents.
We aspire to follow in the footsteps of pioneers such as Edmond James de Rothschild and Sir Moses Montefiore, who understood that sustainable settlement requires the backing of a community to create and maintain a stable and advanced source of income for an enduring future.
The opportunity
For decades, the business community and state entities have recognized opportunities to bolster Northern Israel through technological and sustainable business initiatives. The consequences of the October 7th events and of the COVID-19 crisis in the Israeli and global economies underscore the importance of this approach.
Israeli and Jewish Solidarity
The Israeli and Jewish spirit of solidarity demonstrated during the recent crisis, can be harnessed to create long-term business and technological growth engines.
Allocating Funds
Financing technological ventures in targeted regions of the country during a global funding crisis attracts entrepreneurs to these areas.
Maximizing Resources
Vacant real estate spaces, can serve as solid foundations for business and technological development, requiring only basic infrastructure during the early stages.
Funding Technological Ventures
NIT aims to fund business ventures that meet three essential criteria
Regional Focus
Ventures operating in Northern Israel.
key officers and employees residing in the region.
Technology-Based
Ventures must be technology-based, viable, and sustainable businesses.
Local Engagement
Funding should be allocated to cover expenses incurred through services provided by residents of the northern district, including graphic design, software development, accounting, specialized consulting and more.
Our Business Model
NIT’s venture funding entitles it to equity, while most of the fund’s investments and revenues are directed toward achieving its objectives.
To enhance the success of each venture, NIT assigns a dedicated consultant to serve on the venture's advisory board.
Funding and investment decisions are guided by a strategic alignment of Zionist values and business imperatives, based on recommendations by an expert team of consultants and singed by NIT’s Investment Committee.
Our success is driven by professional, effective and transparent management, fostering trust-based relationships with partners, ventures and northern communities.
What We Do
NIT’s activities encompass several levels
Fundraising
Raising capital to execute the
fund's activities.
Project Evaluation
Examining ventures' eligibility for funding by NIT.
Professional Support
Providing support to projects funded by NIT.
Educational Initiatives
Promoting Zionist technological leadership.
Organizational Structure
NIT comprises diverse teams working to realize our goals.
Investment Committee
Evaluates ventures for business and technological viability and alignment with our goals.
Review Committee
Identifies potential investments in companies, ventures and service providers.
Business Consultants
Accompanies projects receiving NIT funding.
Leadership Education Team
Promotes Zionist technological leadership education.
Administrative Staff
Responsible for media, marketing, financial, and legal advice.
Leadership Team
Eldar Sivan
CEO
LLB, BSC, MA Law. COO and CEO in industrial and technology companies, Lieutenant Colonel in the IDF (Res.). Partner in ESBM & Co Law office located in Tel-Aviv handling commercial, science and technology legal aspects, providing services to tech companies and startups. Lives in Sarid (kibbutz in Jezreel Valley) and founder of NIT
Dganit Lugassy Levi
COO
An experienced C-Level executive with a background in investor relations, management development, and human resources, currently VP of Investor Relations at Safe Capital, a U.S. real estate investment firm. Known for establishing and managing complex operations, she holds a B.A. in Psychology from Haifa University.
Ido Farbman
Head Of Investors Relations
BSc, MSc, MBA. COO and VP of R&D in a startup company, Multi-million projects manager in a leading defense industry company in the north, leading customer-tailored global projects. A lieutenant colonel in the IDF (Res.). Lives in Manoff (a community village in the Galilee)
Ariel Michaeli
Head of Deal Flow Team
CEO and founder of SoRND - a development company in Karmiel. B.Sc. in Physics from the Technion - Israel Institute of Technology, project manager in a leading defense industry company in the north, officer in the IDF’s Intelligence Directorate
Advisory Board
Dr. Ehud Netzer
Former Director General of the Negev Nuclear Research Center and Head of R&D at the Israel Atomic Energy Commission. Has held senior roles including Senior VP at Rafael, where he served for 25 years. Former CEO of Orbit (Satellite communications company). He is currently the chairman of Rotem Industries. Active in various technological ventures, including Chairman at Siga and Mifrasim (a social association) He holds a Bachelor’s and Master’s degree in Mechanical Engineering from the Technion, and a Ph.D. from Stanford University.
Sharon Shafran
Over 20 years of experience in global sales, operations, and strategic business development. He has led teams in Fortune 500 companies and start-ups, achieving two successful exits and specializing in scaling businesses and building partnerships, making him a valuable asset in identifying and nurturing high-potential ventures.Holds a BA and an MBA in Economics from The College of Management Academic Studies and is a certified CPA.
Ami Dotan
40 year of experience in Defense, Venture Capital and Entrepreneurship. He started his tech career in Rafael in 1980, where he served for 17 years, from research, through projects and departments’ manager to Senior VP of Strategy. In 1997 he started his VC Career, co-founding three VC firms, the last one in China where he lived for 8 years. During his VC career, he led investments in global companies and led six IPO, two unicorns (Jinko Solar – NYSE: JKS and WLCSP/Shellcase – Shanghai SE 603005). Ami also led 4 M&A. He is a co-founder and the CEO of Karamba Security, specializing in product cybersecurity. He holds a BSc in Electrical Engineering from NYU and an MBA from LIU.
Roy Engel
A partner and head of the funds department at Barnea Jaffa Lande, brings over a decade of experience from leading New York law firms, where he specialized in mergers and acquisitions and fund formation. He has extensive international experience advising private investment funds at all stages, as well as guiding institutional investors in their fund investments.
He primarily advises fund managers on fund formation and ongoing operations, providing counsel on financing, regulatory matters, and the full range of investments and transactions carried out by funds.
Join Us
Be part of shaping the future in Northern Israel.
Whether you are leading a technological initiative in the North,
providing services to northern ventures,
or if you want to join us as an investor,
your involvement is important.
Contact Us
To make an appointment or receive information, please fill in your details below
Contact us
You can contact us by providing details in the form, on WhatsApp or by phone and email.
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