Intel Backs Israeli Artificial Intelligence Startups With Launch Of Ignite Program 

Intel launches Ignite accelerator to back Israeli AI startups

By Mike Wheatley

Intel backs Israeli Artificial Intelligence startups with launch of its Ignite program

Intel Corp. is looking to expand its already significant presence in Israel with the launch of a new accelerator project there that aims to boost startups in the artificial intelligence and autonomous systems spaces.

Called “Ignite”, the 20-week program will provide business and technical support to up to 15 Israeli startups. Intel won’t initially take any equity stakes in the firms that enter the program, though it may do so at a later date, it said.