Nefesh B’Nefesh is grateful to Avram and Sharon Blumenthal and Family for their leadership and generosity in establishing the Avram & Sharon Blumenthal Nefesh B’Nefesh Entrepreneurial Fund.
The fund will award aspiring Nefesh B’Nefesh Olim entrepreneurs with grants in the amount of up to $10,000 to launch or expand a low-tech or small business in Israel.
- All applicants must be Nefesh B’Nefesh Olim or have a confirmed Aliyah date from Nefesh B’Nefesh prior to October 1, 2016.
- Businesses must be or intend to be registered with the VAT Authority. Grants will only be disbursed once a VAT letter of registration is provided.
- The grant may only be used to fund operations and/or growth and not to pay back investors. It can be used to repay bona-fide debt.
- All grantees will be expected to “pay it forward”, which includes: repaying the grant to the Fund when fiscally prudent to enable other Olim to benefit from this program and to provide employment opportunities and mentoring sessions to Nefesh B’Nefesh Olim.
Nefesh B’Nefesh has convened a special committee consisting of Israeli business leaders and Nefesh B’Nefesh staff who will review grant application and award entrepreneurial grants.
Avram & Sharon Blumenthal Grant Update: Grantees will be announced August 22, 2016