Short summary: The Innovation Authority Board approved a new program for rapid training of high-tech workers. The goal of the program is to encourage new and existing non-academic bootcamps that will provide intensive training for a period of six months to a year.
The goal is to provide 250 new employees by the end of the first year and reach 450 new employees in the third year. The plan is currently pending approval by the Minister of Finance and the Minister of Economy.
Bootcamps will enjoy a bonus of (14,000 NIS - current salary) X 8 for any hired prticipant.
(Or X 10 for females or X 12 for arab or ultra-orthodox minorities).