ARC Israel and its CEO Boaz Arad have been funded by Prometheus Foundation (previously the Objectivist Venture Fund) since 2012. ARCI holds essay contests on Ayn Rand’s books in Hebrew, where the best essays win cash prizes. They also organize events and lectures on Objectivism for student clubs and other organizations, and offer courses to the general public, including courses on Leonard Peikoff’s Objectivism: The Philosophy of Ayn Rand.
In October 2021, ARCI hosted its fifth annual Atlas Award event at the Tel Aviv Stock Exchange. One hundred seventy companies registered to compete for the award, up from eighty in 2019 (the 2020 event was canceled due to lockdowns). Judges included executives from Amazon, Dow Group, KaryoPharm, and Start-Up Nation Central. Speakers included John Allison, Carl Barney, and several Israeli entrepreneurs. Israel’s major financial newspaper, TheMarker, published a multi-page report on the event. Dow Group and KaryoPharm have pledged to co-fund the 2022–2024 Atlas Awards.
