Beautifully situated in the heart of Jerusalem’s “Cultural Mile,” the Media Quarter gives expression to the vision of fusing technology, creativity and social action in one exciting complex. Located in the renovated national Mint of the British Empire, adjacent to Ottoman era warehouses, the Media Quarter heralds the revitalization of the area surrounding Jerusalem’s old train station. The Media Quarter is the brainchild of Erel Margalit, the founder of Jerusalem Venture Partners (JVP), a leading Israeli venture capital firm with more than $900 million under management via seven funds. JVP has a 20-year track record in Israel and international markets in building and successfully exiting world class media technology companies.
Over 300 young, dynamic employees gather here daily to work at the compound that encompasses JVP; JVP Labs (technology incubator); several of JVP’s startups and other high-tech companies at various stages of development; Start-Up Nation Central; the music club Zappa and the social action organization Bakehila. Exciting syntheses take place as engineers, artists, storytellers and entrepreneurs in the business, social and entertainment worlds meet in the courtyard and corridors of the Media Quarter. They build cutting-edge companies with international reach, create and perform theatrical works to a diverse and growing Jerusalem audience and effect change in disadvantaged neighborhoods throughout the city via holistic programs that reach over 3,000 at-risk children and their families.
The Media Quarter concept began in 2002 when Erel set about realizing his vision of turning the area into a destination for technology, culture, art and business. The Lab performing arts center opened its doors in 2003 in a renovated train station warehouse dating back to the Ottoman Empire, and has since hosted thousands of performances. In 2011, The Lab collaborated with the Zappa Club and continues to be its main performance venue in Jerusalem. Erel’s social action organization Bakehila moved its offices to the area and volunteers, lay leaders and donors gather there on a regular basis.
In 2006, Erel began renovating the historic national Mint building, built by the British in 1937. The building was abandoned by the Israeli government in the 1990s. In 2008, after extensive preservation and renovation efforts, JVP’s offices, the JVP Labs incubator and several JVP portfolio companies moved in. The unique Bauhaus structure became a monument in the city’s skyline, buzzing with activity 24 hours a day. Employees and visitors from all over the world enjoy an atmosphere of creativity and innovation alongside a deep respect for the history of Jerusalem and its powerful legacy.