Israel’s thriving high-tech ecosystem needs a recalibration if it is to continue as a global hotspot,
Jon Medved said in an article published on LinkedIn today.
At first glance, things look good given the record $10.5 billion in investment the sector attracted in 2020 and its expected near doubling to $20 billion this year. Those gaudy numbers blur trouble, he cautioned, as early-stage startups are being shunned in favor of those in later stages.
“The number of new startups founded each year is sharply declining, the number of seed-level investment rounds is diminishing, and governmental research and development budgets are being cut on an annual basis – dramatically, relative to other countries,” he quoted Israel Innovation Authority (IIA) chair Ami Applebaum as saying.
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