The Israel Innovation Authority (IIA), a government agency dedicated to promoting the high-tech sector, has announced the winners of a tender for a new program to help early-stage startups raise seed capital from private investors known as angels.
The IIA will select eight proposals from 40 submitted from Israel and abroad to support them in establishing and running their own Angel Clubs. The eight winners will receive an operating grant of NIS 900,000 per year for three years.
The initiative is one of a series of financial measures the IIA has taken to support the high-tech sector, a key part of the country’s economy, since the war with Hamas began in October.
The eight winners are as follows:
1. TEClub VC LTD. – A new investor club for Israeli and international mega angels interested in investing in early stage breakthrough technologies.
2. Investors Forum Ltd. – A new club formed with partners including Ben-Gurion University and industry luminaries, with a focus on deep tech.
3. BABA METZIA GP LLP – A club with members from Israel and abroad with a long-term plan to solve the barriers to early stage funding for new startups.
4. WINGS IL LTD. – A new investment club established to position Israel as a leader in advanced deep tech investment and development.
5. ERETZ ANGELS LTD – A club established to expand the impact of Israeli tech innovation on the national economy and society.
6. IL ANGEL CLUB LTD – A club with a comprehensive strategy to attract businesses and investments, with a unique model of creating an international ambassador network to attract additional investors.
7. EIGHT TWO HUNDRED ANGELS. LTD – A club with a wide range of partnerships that invests in various fields, focusing on Industry 4.0, AgTech, and FoodTech.
8. Ziv Haft Consulting and Management Ltd. – A club with networks in Israel, the US, UAE, Bahrain, China, India and Vietnam that connects entrepreneurs and investors in sectors such as ClimateTech, Agritech and FoodTech.
