Israel earmarks NIS 80 million to help early-stage startups take first steps
Illustrative image of a baby's 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 said in a statement on Wednesday. Since 2017, there has been an average annual decrease of about 25% i...
Source: timesofisrael.com