Venturegeeks will incubate startups in Israel

Geekmedia, the company that operates Israeli technology blog newsgeek.co.il, is getting into the startup incubation business with a new program called Venturegeeks.

Based in Tel Aviv, Venturegeeks sounds like it will be structured similarly to well-known US incubator programs like Y Combinator. Startups accepted into the program will receive $20,000, as well as three months of mentorship and office space, in return for a 10 percent stake in the company.

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