from the July 2008 issue

HP Israel to open start-up incubation program

Hewlett Packard, one of the largest technology companies in the world with revenues of over $104 billion in 2007, will open a new International Technology District (ITD) in Israel which will collaborate with between 300-400 selected Israeli high tech startup companies. The program will focus on small and mid sized firms and will offer labs, consultants and all other necessary resources. In return, the startups will be expected to integrate HP technology, effectively becoming an HP partner. Last year, HP paid out $4.5 billion in when it acquired Israel-based Mercury Interactive and three Israeli printer manufacturers-Scitex Digital Printing, Indigo and Nur Macroprinters. To date, the company has invested $6 billion in high tech companies in Israel and employs 4,000 people.

Reprinted from the Israel High-Tech & Investment Report July 2008

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