SAFE Palestine

Sustaining Innovation Amidst Crisis

SAFE Palestine is a $5 million funding initiative dedicated to preserving and empowering Palestinian startups during challenging times. With global support from leading investors and tech pioneers, we’re creating opportunities for growth, innovation, and job creation, ensuring Palestinian startups thrive even in adversity.

About SAFE Palestine

Empowering Palestinian Startups

SAFE Palestine is an emergency funding initiative under the RISE Palestine umbrella, launched by Intersect and the Bank of Palestine. This program was created in response to the October 2023 crisis, providing urgently needed liquidity to Palestinian startups affected by war and economic challenges.

Our mission is to empower Palestinian entrepreneurs, preserve local jobs, and fuel the growth of Palestine’s tech ecosystem. Using innovative funding models like SAFEs (Simple Agreements for Future Equity), the initiative ensures quick, equitable, and efficient deployment of capital.

SAFE Palestine embodies the values of resilience, inclusivity, and innovation, reflecting Palestine’s commitment to equality of opportunity, especially in the tech sector.

Support process

Methodology

This isn’t another day-long session repeating the things we know. We’ve designed and framed them well, so every minute introduces a new concept and a different point of view to adopt.

1.

Introduction & Opening

The initiative was announced under the RISE Palestine umbrella in collaboration with global investors and partners.

2.

Eligibility Criteria

Startups were evaluated based on team presence in Palestine, recurring revenue, venture backing, and reference checks.

3.

Funding Allocation

Selected startups received funding through SAFEs and grants, with equity injections from private investors and Google’s multi-million-dollar commitment.