Report details Cisco's role in promoting development by investing to help "jump-start" Palestinian ICT sector
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The Ultra-Orthodox are 10% of the Israel population. Currently there are 3000 men and 7000 women who are being trained in High-tech relevant professions and are eager to work. According to the Ministry of Industry, Trade and Labor 20% of trained Ultra-Orthodox do not find a job, and 40% of them are self employed. It takes a young Ultra-Orthodox men twice the time it takes a secular candidate to find a job..Based on the Ma’anTech partnership model. Forming a coalition of leading High-Tech Companies, who are committed to recruiting Haredi candidates: Cisco, NDS, Intel, Google, IBM, SAP, CheckPoint, Citibank [part of CitiGroup] Innovation Center, AlcatelLucent, Verisense, LivePerson...Design and build a technology infrastructure to support work process and candidates.
Author: Jenna White, Jason Saul & Cheryl Davenport, Mission Measurement
Cisco, the US-based global supplier of technology products and services has been working with and investing in the Palestinian high tech sector since 2008. The company helped to jump-start the tremendous growth in Palestine’s ICT sector with an investment of $15 million. In addition to their own direct investments, Cisco brought other high tech firms into the region to invest in Palestinian firms as well as newly generated funds. Cisco and its high tech partners together with investments from organizations including the European Investment Bank (EIB) pumped more than $78 million into the Palestinian high tech sector in the last three years. The total investments, equivalent to 1.6% of Palestine’s GDP as of 2008, is unprecedented...Cisco has pioneered a most nontraditional solution: A Market Development Approach to development. This approach simultaneously drives economic growth and development outcomes. Cisco also directly benefitted by developing a high tech market with which it can partner and work.
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Ma’antech is a joint initiative of Cisco and the Office of the President of the State of Israel, whose goal is to integrate Israeli Arabs into Israel’s Hi Tech Industry...Since February 2011 a total of 380 Hi Tech graduates and students have been recruited by Ma’antech’s Hi Tech partners, and Ma’antech partners have made a commitment to President Peres that by the end of 2012 this number will reach 1000...Ma’antech has recruited the leading Hi Tech companies and professional organizations to form a strategic coalition of partners committed to the goal. Together, Ma’antech is ensuring that candidates receive mentoring during their job-application process, professional training in preparation for employment, and are supported throughout the recruitment process.