Palestine Information and Communications Technology Incubator (PICTI)

The Palestine Information and Communications Technology Incubator (PICTI), is an independent Palestinian organization that has been created through the initiative and support of the Palestinian Information Technology Community. PICTI and its partner organizations, including PITA and Paltrade, have as their mission the revitalization and the sustainable growth of the Information Communication Technology (ICT) sector in Palestine. The strategic core components of PICTI is an Incubator facility that offers professional business services to Palestinian entrepreneurs who have mature concepts for unique and innovative ICT products assessed to have strong market potential. The key competitive advantages of PICTI include its governance structure that provides access to economic clusters, its dedicated staff with incubation know-how, its clients and pipeline of entrepreneurial ideas, and an initiative underway to structure a seed fund for the benefit of pre-revenue start-up companies incubated at PICTI. PICTI aims to develop the Palestinian Micro, Small and Medium Enterprises (MSME) as well as high growth model sector as a mean to generate new jobs, attract foreign investment and improve the economic situation in Palestine.