After nearly seven years of success in launching high-tech companies from Israel into the U.S. market, as well as highlighting Israeli innovation throughout the State of Florida and beyond, FIBA has elected to embark upon the next logical step in its evolutionary journey as an international economic development platform with the creation of one or more venture funds.
To this end, in early 2023 FIBA Services Inc., a for-profit subsidiary of the Tampa JCCs and Federation, signed a Term Sheet with renown international investment group, Ark Invest. Discussions are currently underway to create a venture fund that seeks to bring together Ark Invest’s investment prowess together with FIBA’s commercialization and engagement success to form a dynamic venture fund for investment in high-tech ventures in Israel and other countries yet to be determined.
More details will be published when available. Stay tuned…
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