A unique growth program designed for technology companies across various sectors, offering access to cutting-edge infrastructure and resources combined with comprehensive professional support.
Companies accepted into the program will receive an investment of 300,000 NIS in Phantom Units (FAQs) as well as additional of up to 100,000 NIS.
The program specializes in supporting companies in key technological fields, including FoodTech, Digital Health, AI, Medical Devices, and Business Insights. With a duration of 12-18 months, the program is tailored for technological ventures that are post-proof of concept (POC), have strong interdisciplinary teams, and have secured initial funding.
Its mission is to foster the development of innovative solutions and position participating companies as leaders in their respective industries.
Since its establishment in 2020, the program has successfully launched seven cohorts, supporting 70 groundbreaking tech startups.
Collectively, these companies have raised over 700 million ILS during their participation, demonstrating the immense value and potential offered by the program’s professional guidance and unique resources.
What we look for?
Program Advantages
- An investment of up to 300,000 NIS (subject to the decision of the Investment Committee)
- Additional grants of up to 100,000 NIS
- Connect to a diverse ecosystem with collaboration opportunities
- Proximity to entertainment centers, restaurants, and cafes
- Only 4 minutes’ walk from local train station!
- Subsidized office rent in downtown Haifa for the program's duration
- Connections to investors, partners, and clients in Israel & abroad
- Support in business development, finance & marketing
HiVentures is the engine that connects the program's companies with the city's main institutions and partners to create partnerships and building a thriving innovation district ecosystem.
The companies commit to establishing their main operations in Haifa for a period of five years from the date of joining the program.
Specializes in innovation leading clusters:
FAQ - About Phantom Units
What are Phantom Units
Phantom units are a type of financial instrument that allows someone—typically an employee, advisor, or investor—to benefit from the future value of your startup without receiving actual equity.
They work like a bonus tied to company valuation: the holder gets a cash payout based on the value of the company at a future liquidation event (like an acquisition or IPO), but they don’t own shares, have voting rights, or appear on your cap table.
What’s the difference between phantom units and traditional equity
Phantom units are contractual rights that mimic the value of equity but don’t confer ownership. Investors receive a payout based on company valuation at a future event (like an acquisition), but they don’t get voting rights or shares. This can simplify governance and protect founder control
How do the phantom units granted to HiVenture work
HiVenture provides finance to the Company based on the same terms as a SAFE, but instead of receiving equity upon conversion (at a trigger event), it received the economic rights of such shares (had it been converted to equity) and such economic rights will be paid upon an exit event
What should I watch out for when offering phantom units to investors
Make sure the terms are clearly defined: payout triggers, valuation methodology, caps or multipliers, and legal enforceability. Also, consider the cash flow impact at exit, since phantom units require cash payouts. Work with legal and financial advisors to structure it properly
Apply to the program
To register for the program, please fill out the following form: