In a first for an important region of the Middle East, the Middle East Venture Capital Fund announced today it has raised a $28.7 million fund to invest in Palestinian technology companies according to Venturebeat.com.
The fund will be based in Ramallah and it has money from a bunch of international companies, foundations and other investors. The investors include Cisco, Google, the Soros Economic Development Fund, Skoll Foundation, Jean and Steve Case, and the European investment bank.
To read the full, original article click on this link: Palestinians get $28.7 million technology venture fund | The Next Silicon Valley
