Page 2 - Startup Division News Today

Israel Launches $25M Seed Investing Program Joshua Shuman Plan aims to boost early-stage startups with new incentives Very early-stage technology startups’ fundraising potential will get a boost from a new 80 million shekel ($25 million) Israel Innovation Authority program following three years of stagnation in seed funding, the independent public agency said. The new Hybrid Seed Incentive Program created by the Economy and Industry Ministry’s Israel Innovation Authority (IIA) encourages ...

Illustrative image of a babys first steps (NelliSyr; iStock by Getty Images) The Israel Innovation Authority, in charge of setting out the nation’s policies for the tech sector and fostering the startup ecosystem, has set up a new NIS 80 million ($25 million) fund to encourage investments in early-stage companies that are facing a funding squeeze, in a bid to boost the number of new startups. Grants from the fund will be given to startups that team up with veteran investors, the authority sai...