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. Read more about U.S. funds development of IT sector in Palestine