Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Israel Innovation Authority to Encourage Institutional Investments in Tech with $4.3 Million Program
Error: Contact form not found.
by Hager Ravet / CTech
Participants at the DLD Tel Aviv Digital Conference, Israel’s largest international high-tech gathering, held at the Old Train Station complex in Tel Aviv on Sept. 6, 2017. Photo: Miriam Alster/Flash90.
CTech – The Israel Innovation Authority, the government’s tech investment arm, will invest NIS 15 million ($4.3 million) to promote investments by Israeli institutional investors in Israel’s tech industry, the authority announced Wednesday. Under the program, Israeli institutional investors, including mutual funds, pension funds, and insurance companies, will be eligible for a grant of up to $1 million (approximately NIS 3.5 million) over the span of five years to establish a team of investors specializing in Israeli tech companies.
The goal of the investment is not to flood the local tech scene with additional money, but rather to build capabilities and new technologies that could eventually turn into new investments, Sagi Dagan, head of the growth division at Israel Innovation Authority, said in a Wednesday interview with Calcalist.
“There is a difference between long-term and short-term thinking. Institutionals won’t spill one billion dollars here in a year. We are all in euphoria today over the local tech scene, but it is also volatile, and I do not know if this volatility will manifest within a year or two,” he added.
