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ITEK is sponsored by the Office of the Chief Scientist of the Ministry of Industry and Trade under its "National Technology Incubator Program".

ITEK was established in 1991 as a Limited Liability Company led by three organizations, all pioneers in their fields:

The Weizmann Institute of Science, through Yeda Research and Development Co., Ltd. (Founder)
Africa-Israel Investments Ltd. (Founder)
Discount Investment Corporation Ltd. (DIC)


The Weizmann Institute of Science, founded in 1934, bears the name of the scientist and statesman, Dr. Chaim Weizmann, who was the first President of the State of Israel. The Institute, with a staff of almost 2,500, is a center of world-renowned scientific research in the life sciences, physics, chemistry, mathematics and computer sciences. The Institute also promotes applied research and science teaching.

Africa-Israel Investments Ltd, in close cooperation with the Weizmann Institute, established in 1971 the first Science Based Industrial Park in Israel - Kiryat Weizmann. Together with several successful scientific industries, the Incubator is housed in this Park, which is located in Ness-Ziona, in close proximity to the Weizmann Institute campus.

Discount Investment Corporation (DIC), is one of Israeli largest industrial holding companies with a diversified portfolio of investments in various sectors of the Israeli economy. DIC places strong emphasis on science based, high technology and export oriented companies.





ITEK
Incubator for Technological Entrepreneurship Kiryat Weizmann Ltd