Startup incubator DreamIt Ventures is announcing the first Israel-U.S. accelerator, which will help up to five Israeli startups expand into the U.S. market through DreamIt’s NYC 2012 program. The new program, called DreamIt Israel, will take place over four months, with the first month in Israel followed by three months in New York. The startups will also participate in two Demo Day events – one in the U.S. and the other back home with local investors.
Despite some VCs’ contention that entrepreneurs still need to be based in the Valley to succeed, Israel has been pushing out innovative new web and mobile startups at a rapid pace, including, of course, Disrupt winner Shaker.
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