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Gaza Tech and Innovative Recovery Program (CLOSED)

The Ministry of Telecommunications and Information Technology, through its Palestine Technology for Youth and Jobs Project (TechStart), and the Ministry of National Economy, through its Innovative Private Sector Development Project (IPSD), had formed a joint program called the "Gaza Tech and Innovative Recovery Program" to provide urgent financial support to Palestinian IT services and tech and tech-enabled firms that had been affected by the recent war on Gaza. The program aimed to enable these firms to recover from losses to their business operations and infrastructure.

In some areas of Gaza, entire buildings that housed IT Services or tech and tech-enabled companies' offices had been demolished, destroying the workspace and its infrastructure, including furniture, office equipment, office systems, laptops, and all other essential assets without which business cannot continue. These companies needed immediate support to replace what was lost and help them resume their business operations as soon as possible.

The program offered assistance in the form of in-kind grants to cover employee salaries, workspace rental, and relocation costs, in addition to replacing essential furniture, equipment, and software and hardware systems to enable a speedy resumption of operations.

55 firms applied to the program, in which 21 firms received a total of $1.7 million in grant support. additionally, 273 employees received salary subsidies from the program including 64 female employees.

Gaza Tech and Innovative Recovery Program (CLOSED)