The Keren Shemesh Foundation is a privately funded NGO investing in the next generation of business leaders. We believe in job creation via sustainable entrepreneurship exercised by providing pre-business care, business resources, seed finance and on-going volunteer mentoring.
Keren Shemesh primarily aims to assist young entrepreneurs who do not have access to conventional finance and other business resources empowering them to establish and sustain their own business and by this drive the Israeli economy and society.
The Keren Shemesh Foundation was initiated in 2005 by the Rashi Foundation, based in Israel, and the Edmond J. Safra Philanthropic Foundation, based in Switzerland.
By December 2007 Keren Shemesh became a fully accredited program of the YBI network having at that time assisted over 260 new businesses. By the end of 2008 Keren Shemesh has assisted over 450 new businesses, creating over 1500 new jobs, contributing market turnover and generating tax revenue to the state. These new businessmen, and women, come from all sectors of Israeli society: Jewish, Arab, Christian, Druze and other. All will be aged between 20 and 35 with the motivation, courage and creativity to launch a new enterprise.
Keren Shemesh has provided them with the financial and professional resources they need to fulfill their personal dream of establishing and sustaining a business.
Keren Shemesh has a wonderful way of showing how much it believes
In the young generation.
The fund encourages the young entrepreneur, to find his individual potential and to take responsibility for their life, while providing a package of assistance for establishing an independent business that will ensure their future.
In this way, the founders of Keren Shemesh hope that within a few years hundreds of new businesses will be formed in Israel, managed by talented entrepreneurs equipped with the tools to succeed.
