The United States is channeling nearly $4 million through 2006 to promote the development of information and communication technology in the Palestinian Territories. Funded through the
U.S. Agency for International Development (
USAID), the Palestine Information and Communications Technology Incubator (
PICTI) opened in the Al-Sheikh Commercial Tower in the West Bank city of Ramallah in May and is seeking Palestinian entrepreneurs to partner with. “This state-of-the-art office space offers technology innovators an environment that encourages creativity while meeting their specialized needs for advanced technical support,” said
PICTI’s first Chief Executive Officer David Bailey.