JERUSALEM (JTA) — Former CNN host Larry King and the Technion Israel Institute of Technology have agreed to work together to promote Israeli high-tech.

King and Technion are establishing the Israel Silicon Valley Chambers of Commerce, the Israeli business daily Globes reported. They are set to be launched in Tel Aviv and at Stanford University in Palo Alto, Calif.

King is financing the project with a nearly $600,000 investment through a holding company, according to Globes.

Niv Jacobi, who manages King’s businesses, will serve as chairman of the chambers of commerce, and King and Technion President Peretz Lavie will be the presidents.

The project is meant to strengthen ties between Israel and Silicon Valley, and to help start-ups from the concept stage through funding and sales.