April 9th, 2015
Technology Incubator for Satellite Imaging Technologies & Complementary Innovations

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April 9, 2015 — Incentive and ImageSat International N.V. have announced their cooperation to identify and grow innovative technologies that are complementary to ImageSat’s satellite imaging and solutions business.

The partnership invites entrepreneurs to submit relevant projects for consideration by the newly created accelerator or the existing incubator of Incentive, depending on their stage of development. Startups selected will benefit from proven management expertise, access to technology and equipment, global market access and cash investments from Incentive and ImageSat.

INVITATION FOR START-UPS TO APPLY BY MAY 15, 2015

15 million NIS Earmarked to Cultivate 5-6 Companies over the next 2 Years

The companies announced that they intend to spend 15 million NIS (approx. US $3.8 million) cultivating the innovative technologies of 5-6 startups during the next two years, with the objective of commercializing them as quickly as possible.

Applications for technologies offering synergies with ImageSat’s activities will be reviewed after the May 15, 2015 application deadline, followed by personal meetings to screen innovative ideas. Initially, we will choose 2-3 start-ups to work with during coming year, which may qualify for a first investment of up to 2.4 million ILS (approx. US $600,000) each, and the possibility of a follow-on investment by Incentive’s parent company Peregrine Venture Capital.

Qualified entrepreneurs are asked to apply by submitting a business plan presenting their technological innovations in the form below.

Eligibility Requirements:

1. Significant innovation in one of the following fields: Image Processing, Interpretation and/or Analysis; Geo-spatial Information Solutions; Location-based Services; Big Data.
2. B2B Solution or Service.
3. Rapid growth potential, both in terms of implementation of technology and access to target markets.

ImageSat International is a leading international company in remote sensing services (HYPERSPECTRAL/EO/SAR). ImageSat provides comprehensive data extraction and analysis solutions for GIS systems in the field of national and homeland security, precision agriculture and environment, smart city, transportation and infrastructure.

Incentive is an award-winning technological incubator owned by Peregrine Ventures (www.peregrinevc.com), which invests mainly in software and medical device companies. Eurokify which was acquired by CA, Rocketick in which Intel and nVidia invested, Geomage, WhiteSource, Evolero, Marketiyze, Zuznow, PeakDynamics, Jobrain and Valire are among its matured portfolio companies. For more information visit http://www.incentive-il.com/