But a major question is whether this trend is something good or bad is already relevant — and has drawn a wide range of opinions. Harel is worried about the situation, because the drop in numbers could well mean that in the future the engine pulling the Israeli economy will be much weaker. Harel is also worried about the tendency of venture capital funds to invest less in inexperienced founders, something that he says will reduce the legitimacy of failure — which many entrepreneurs benefited from.
The number of employees in the industry? The contribution to GDP? But if we are talking about GDP — the answer is different. If we look at the data from the perspective of technological innovation, then it is not declining at all, but accelerating — even though the phenomenon of the fall in the number of new startups is global, says Nir. Ruti Levy Apr. Get email notification for articles from Ruti Levy Follow. Open gallery view. A 'Googler' sits on their computer in Google's offices in Israel.
At the start of , Israeli startups and technology companies were looking back on a good The country was experiencing a six-year upward funding trend. The winners in were cybersecurity, fintech and Internet of Things, with food tech coming on strong. But while the country has become famous for its cybersecurity startups, AI now accounts for nearly half of all investments into Israeli startups.
That said, every sector is experiencing growth. Today there are over 25 incubators across the country, all of which have been privatized.
They nurture companies from seed to early stage, thus minimizing the risk to the investor. Moreover, the Israel Innovation Authority provides a variety of support programs, on an annual budget of about million dollars.
Investment Support - The Investment Law enables foreign companies to benefit from a reduced company tax rate and investment grants. VC Industry - Israel's thriving start-up industry is complimented by a flourishing venture capital market. By far outperforming any other country in VC volume per capita, Israel's venture capital availability is a symbol of the breath of its innovative industries and of the highly efficient financial sector underpinning them.
A Flexible, Creative Economy - Flexibility and adaptability to change are widely considered primary factors affecting business performance. In fact, IMD's world competitiveness index places this attribute among the leading indexes of economic competitiveness. Creativity and flexibility are the fuel of innovation, and a high degree of responsiveness to changing business environments is crucial to thriving enterprises in today's dynamic global market.
Without ScaleUp Nation, there will be no impact on the Israeli economy. The number of listings of Israeli startups seeking to maintain their independence peaked in , with Israeli companies achieving a record 31 initial public offerings IPOs , primarily on the Tel Aviv and US stock exchanges.
In addition, tech firms are raising records amount of money privately, some of them at billion-dollar valuations. This maturing of the firms raises the question of how the government should deal with them, the report said. These larger firms have different needs: they will want to continue to grow by acquiring companies in Israel and overseas in order to access additional talent and intellectual property.
This may require the financial and banking systems in Israel to offer lines of credit, loans, and other financing products suited to global companies that are growing rapidly but whose risk levels are still high and that may not yet be profitable, the report said. Banks, too, will need to develop expertise and learn how to evaluate risk so they can offer loans to these Israeli firms.
The greater the number of technology firms seeking a listing on the Tel Aviv Stock Exchange, the more the local capital market will be exposed to the shockwaves that can shake the worlds of technology.
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