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The directors of the Youngstown Business Incubator in Youngstown, Ohio, have announced a partnership with The Junction, an investment firm based in Tel Aviv, Israel.
The partnership will see The Junction’s competition for $100,000 worth of startup money combined with access to the American market for small Israeli businesses. In turn, Israeli businesses will be able to set up in and around Youngstown, bringing growth to the region.
Business - Incubator - Factory - Building - Photo
Youngstown Business Incubator in an old repurposed factory building. Photo via Youtube/Youngstown Business Incubator.
The scheme is supported by Barak Rabinowitz, a Youngstown-born venture capitalist who is a partner at F2 Capital, affiliated with The Junction, and The Thomases Family Endowment of the Youngstown Area Jewish Federation.
Rabinowitz - Partnership - YBI - Deal - Flow
Rabinowitz welcomed the partnership, stating that, “YBI will get critical deal flow to help grow their clusters of Additive Manufacturing and software companies, and provides our companies with a great place to launch their products into the US market”. He also welcomed the benefits the partnership would bring to his hometown.
Barb Ewing, CEO of the Youngstown Business Incubator also explained how the partnership would be mutually beneficial to both parties, since “the Israeli market is rather small,...
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