PICTI Brief

PICTI Clients Investment Opportunities

      Organization Information

       ·         Name:  Palestine Information & Communications Technology Incubator (PICTI)

       ·       Headquarters: Al Bireh – Palestine

       ·       Mailing Address: Al Sheikh Commercial Tower, 4^th, Floor

                                  Al Quds Street – Al Bireh,

                                   P.O. Box 3515 Al Bireh, Palestine                            

                                  www.picti.ps, info@picti.ps

      ·       Principal Contact: Mr. Laith Kassis/Acting General Manager

      ·       Telephone Number: +970 2 240 9290

      ·       Fax Number: +970 2 240 9294

      ·       E-mail Address: laith.kassis@picti.ps

    Company Profile

         ·       Ownership Structure:  Non-profit organization.

         ·        PICTI Partners:  A partnership agreement between the founding partners Palestine
                                        Information Technology Association of companies (PITA), the
                                        Palestine Banking Corporation (PBC) and the Palestine 
                                        Trade Promotion Organization PalTrade) resulted into the
                                        establishment of PICTI. USAID has partnered by funding the 
                                        operations of PICTI for three years and subsequently became a  
                                        board member.

          ·        Form of Organization: General Partnership  

         ·       Registration License Number: RA 23346-T Issued on: December 13^th, 2002 at:
                                                             Ministry of Interior

         ·       Trading Name (if applicable) PICTI

         ·       Core Line of Business: Entrepreneurship, Business Development, Innovation and
                                                 Incubation as well as start-up companies.                       

         ·       Brief Summary of Company History, Activities, and Services:

The Palestine Information and Communications Technology Incubator (PICTI) is an independent Palestinian non-for-profit ICT Incubator that has been created through the initiative and support of the Palestinian ICT community. PICTI was established and has been registered at the Ministry of Interior in December 2004 as a local NGO. USAID has been the major funding partner for PICTI.

PICTI is designed to support the development of entrepreneurial ICT ventures with a comprehensive suite of world-class business services allowing the commercialization of ideas and the building of dynamic enterprises.

PICTI's Mission is to design, develop, implement, and promote initiatives that support the development of entrepreneurial business ventures with high growth potential by providing them with an integrated package of world-class business development services that will nurture and support the commercialization of their ideas and enhance the development and growth of dynamic enterprises.

PICTI Objectives are as follows:

1.      Organize an ICT Incubator that will offer professional business services to entrepreneurs who have mature concepts for unique and innovative  products assessed to have strong market potential and to host and nurture new, innovative and promising ideas into mature commercial product concepts.     

2.      Advertise, market, and ‘brand’ the Palestine Information Communications Technology Incubator ( PICTI ).

3.      Create promotion and marketing strategies focused on regional and international markets.

4.      Assist existing Palestinian ICT firms access regional and international markets.

5.      Help non-ICT industry sectors integrate ICT into their business operations.

6.      Introduce PICTI’s ICT oriented business creation/development goals and objectives and solicit ideas, comments, and suggestions from local government, community, and academic organizations.

7.      Facilitate establishment of market driven industry-university linkage initiative focusing on developing a world-class ICT curriculum.

8.      Create and nurture relationships with bi/multilateral development organizations in order to cooperate on joint economic development initiatives that have an ICT component.

9.      Work with regional/international investors and financial institutions to create a loan fund for new ICT enterprises in Palestine while also providing investment capital for ICT firms and non ICT companies.

PICTI Programs include:

1.      Incubation Programs

2.      Outreach (Local and International)

3.      Seed Fund Investment 

4.      Marketing & Fundraising

5.      Industry-University Links Programs

PICTI Services provided to client will be considered on a case-by-case-basis.
     These servicesare: