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While this figure represents a decline of 30% compared to the second half of last year, this is still a very impressive sum considering startups raised a total of $10.3 billion in all of 2020 ....
The rise came on the back of the Israel Innovation Authority's push in 2020 to encourage more institutional investment in tech by providing a government-backed safety net ....
While the high-tech sector is skyrocketing, national welfare expenses in Israel have declined compared to other OECD countries, expanding the already wide gaps between tech employees and the rest ....