"Despite the ongoing suffering of our people in Gaza, we are meeting today to create new hope for Palestinian youth,"Mahmoud Al Shawa, general manager of the Bank of Palestine, said at the signing of a partnership between the bank and Palestinian technology company TechnoPark, per the Jerusalem Post.
The goal of the partnership is to boost the innovation and entrepreneurship ecosystem in Palestine, specifically for women and youth.
"This long-term investment will support startups, provide opportunities for innovators, and create an environment that nurtures ideas and enhances the global presence of these startups, leaving a Palestinian mark across the globe," Al Shawa said.
TechnoPark is a leading Palestinian-Indian technology company.
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Established by Big Society Capital and the Northern Rock Foundation, the North East Social Investment Company is soon to be launched for lending by mid-2014.