Israeli technological incubators are government programs that provide funding and support for new technology startups. The incubators were established in 1991 to nurture innovative ideas and help new companies mature. Incubators provide $500,000-$750,000 in initial funding and involve mentoring from incubator owners. While some companies fail, the incubators have helped create an entrepreneurial culture in Israel and strengthened the economy through job growth and private investment in startup companies that have graduated from the program.