‘We want to raise $100m for Israeli children affected by terror attacks’
A group of Israeli entrepreneurs have established The Israeli Children's Fund to support children who lost one of both parents during the terror attacks on 7 October
A team of Israeli entrepreneurs and executives are looking to raise $100 million to support children who lost one or both of their parents in the terror attack by Hamas.
They have established The Israeli Children’s Fund – a voluntary initiative that aims to provide financial and emotional support for those from birth to the age of 20.
The ICF has made a commitment of $100,000 for each orphaned child coupled with mentorship and support. The fundraising target is $100 million from donors.
The ICF team comprises a team of startup founders in Israel and the US plus a number of experienced non-profit leaders and executives.
Among them is Amit Rosenzweig, CEO of Ottopia. He said: “When we embarked on this project, we had the tragedy and the humanitarian crisis following the brutal Hamas terrorist attack firmly in our hearts and minds.
“These children, now forced into a harsh reality, represent our collective future, and we are committed to doing everything in our power to help them overcome and thrive.”
Also among the high tech entrepreneurs and venture capitalists involved are Tomer Levy, CEO of Logz.io, Verbit CEO Tom Livne, Eyal Niv, a partner at Pitango, Shani Zanescu, a Venture Partner at Jibe and several more CEOs in the high-tech community. The ICF’s current leadership has raised more than $1.5 billion in commercial and non-profit capacities.
Rosenzweig told the Jewish News that he has been impressed with how thee business community has mobilised since the terror attacks on 7 October.
“The motivation to help is astonishing, we received many incoming requests from people in business network asking how they can contribute and donate.
“Due to the unprecedented event, and the level of mass trauma there is a need for creative thinking on how to handle the event and there is a need to provide long term support, this is going to be a marathon not a sprint.”
All participating companies are volunteering their resources and will serve as virtual mentors and guides, connecting these children to the industry and various opportunities while offering as much support as possible and leveraging the strength of the Israeli high-tech industry.
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