This intervention provides matching grants to eligible established Palestinian IT service firms to finance the upgrading of business infrastructure, including, office furniture, high-speed internet connections, technology to facilitate remote work, computer and technology equipment, and operating costs, in accordance with TechStart’s Environmental and Social Management Framework (ESMF).   

While the focus of the support will be on Gaza, companies in the West Bank are also eligible to apply. The grants will also be open to groups of companies looking to establish joint infrastructure or individual companies aiming to establish open shared infrastructure such as an IT hub where companies may co-locate and benefit from the efficient use of shared infrastructure. Grants will be provided on a rolling basis and consider business plans that demonstrate their ability to fulfil client demands is affected by under resourced business infrastructure capacity. To prevent the re-selling of equipment under this activity, firms will be requested to separate these assets in their asset list by distinguishing asset tagging, and by conducting a physical inventory of these assets at the midterm and prior to the end of the project to confirm possession and use of purchased equipment. Repayment of grants will be required for any missing equipment.  

The project mandates that participating companies provide 30% of co-funding. Women-led/owned businesses, smaller firms, and firms located in Gaza are entitled to a larger portion of co-financing, up to 80%. Other eligible companies may receive up to 70% of co-financing.

To access additional information regarding eligible expenses, duration, application guidelines, and other relevant details, kindly click here

If you are familiar with the grant and application process, please click here to apply