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IATI - Israel Advanced Technology Industries
IATI - Israel Advanced Technology Industries
IATI News & Events Daily Industry News Jerusalem and Tel Aviv to receive Bloomberg Innovation Team grants

Jerusalem and Tel Aviv to receive Bloomberg Innovation Team grants

Dec. 16, 2014

Jerusalem and Tel Aviv, together with another 12 American cities are getting up to $3 million from former New York City Mayor Michael Bloomberg's foundation to create "innovation teams" to jump-start new approaches to poverty, public safety, job growth and other issues, the foundation announced Monday.

The Bloomberg Philanthropies grants range from $400,000 to $1 million annually for three years, expanding and internationalizing awards to five U.S. cities in 2011. The teams are styled as in-house innovation consultants who work on a series of mayoral priorities.

"Successful innovation depends as much on the ability to generate ideas as it does the capacity to execute them — and i-teams help cities do both," the former mayor said in a statement.

Jerusalem and Tel Aviv, Israel, were invited to apply after expressing interest, said Jim Anderson, who leads Bloomberg Philanthropies' government-innovation programs.

For the full Haaretz news item click here.

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