Shlomo Kramer, CEO of Cato Networks and co-founder of Verify Level and Imperva, and Prof. Naama Friedmann, professor of neuropsycholinguistics at Tel Aviv College, have arrange a brand new philanthropic enterprise, the Coda Fund, to assist veteran Israeli artists. The goal is to assist artists who’ve made important contributions to Israeli tradition however lack monetary safety of their later years. The fund’s preliminary funds might be NIS 5 million for 3 years, wholly financed by Kramer.
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The fund will award the artists stipends {and professional} recommendation as a way to allow them to proceed with their inventive exercise with out worrying about their subsistence. At this stage the fund is deliberate to assist at one time between 5 and ten artists within the fields of music, poetry, and cinema, and to cowl each their work prices and their primary value of residing.
“There are artists in Israel who’ve contributed immensely to our tradition, however that has not at all times translated into monetary safety,” Kramer advised “Globes”. “They need to proceed creating, however difficulties in supporting themselves stop this. I wished to repair that, to allow individuals who have created works for all of us to proceed to create even at a sophisticated age.”
Kramer mentioned that the concept for the fund was born out of the work of Prof. Friedmann with a well known veteran artist in monetary misery. Her remedy led him to supply a brand new recording, and to proceed to seem. “We shaped a tie by way of that story,” he relates. “Naama’s work tied in with an previous concept of mine, and she or he took it upon herself to advance it.”
The fund aspires to develop past the preliminary funds, Kramer says. “I hope that I’m the primary however not the final. The fund might be joyful to herald extra traders as a way to broaden the assist. There are a lot of artists who want it. In my discipline, excessive tech, there’s creativity that interprets into monetary safety, in the event you succeed. Within the arts, that doesn’t at all times occur. This is a chance for Israel society to say thanks to individuals who have given it a lot.”
The chosen artists will obtain full privateness and their identities is not going to be disclosed. The choice course of might be carried out by Friedmann and a workforce of knowledgeable consultants.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 23, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
