Takwin (Arabic for Genesis or start) is a unique incubator for start-ups in the Arab-Israeli community. Takwin Labs raised $4.5 million from Israeli (Jewish and Arab) and US investors. It will invest hundreds of thousands of dollars per venture in 4-6 start-up companies.
http://www.globes.co.il/en/article-israel-arab-sector-tech-incubator-raises-45m-1000973525