ICON

About The Fund

ICON is a non-profit organization focused on fostering connections and growth within the tech ecosystem by bridging Israeli and Silicon Valley tech communities. Their mission includes supporting Israeli technology startups and innovation through events and programs that encourage collaboration and networking. ICON hosts a series of events and offers services like the SV101 program, which is a two-week initiative giving Israeli founders a comprehensive understanding of the Silicon Valley business landscape. They provide a dynamic community for their members, including venture capitalists, tech entrepreneurs, and corporate executives. ICON members benefit from being part of a passionate group dedicated to the tech industry, with access to a 24/7 shared workspace and meeting rooms in Palo Alto to enhance productivity and foster innovation. Their efforts include connecting members with a wide range of investors through member-only events, office hours, talks, and fireside chats. ICON's team comprises individuals from various operational backgrounds supporting these initiatives, and they encourage a 'pay it forward' culture within their network. However, ICON does not directly invest in startups or take equity or fees for their programs, focusing instead on facilitating connections and delivering value-added services to members of the Israeli tech community. Their investment specialty areas, which include pre-seed, seed, and Series A funding, guide their programming and networking efforts to support startups within these stages. ICON's investment ranges from a minimum of $100,000 to a maximum of $5,000,000, with a sweet spot of $1,500,000 for investments in businesses that align with their vision and the industries they focus on, including Business Solutions, Consumer, and others.