“The Israeli economy is driven more by high tech than any other country,” Avi Hasson, CEO of Startup Nation Central, said at Calcalist’s Israel Resilience Conference, co-hosted by Phoenix. Ta. He stressed that “public and private sector collaboration, along with visionary leadership to avoid policy damage, will be essential if this sector is to continue to thrive six years from now.”
Mr. Hasson highlighted the critical issues currently threatening leadership in this field. “Maintaining our country’s high-tech leadership requires drastic measures such as significant cuts to higher education budgets, funding for volcano research institutes, or any action that would undermine Israel’s foundational ecosystem.” It is important to avoid such measures,” he said. He emphasized the importance of maintaining a supportive political, economic and tax environment to reassure investors that innovation and entrepreneurship remain a priority, regardless of the circumstances.
He also pointed out that Israel’s high-tech future lies in its global connections and ability to innovate across a variety of sectors. “Without a proactive approach to integrating more industries into the world of innovation and ensuring that the best talent stays in Israel, the future of our high-tech sector is at risk,” Hasson added.
Among the challenges, Hasson cited the resilience of the tech sector, which continues to perform well despite recent adversity, including the economic downturn caused by the war, interest rate hikes and judicial reform proposals. It pointed out.
“Despite 15% of the workforce being called up to reserve duty and travel disruptions preventing investors and customers from visiting, the high-tech sector did not stop providing services,” he explained. This resilience is evident in the significant financing and continued investment by high-tech companies, such as Intel’s efforts to build factories in the South, and the sector’s critical role in maintaining national economic stability and growth. It has been proven that it works.
“We’ve seen a lot of growth,” said Juan Delgado-Moreira, co-CEO of $900 billion asset management firm Hamilton Lane, in a recent interview.
“Now is the best time to invest in Israel. Outside of the US, the only truly essential market for venture capital is in Israel, and anyone who doesn’t invest there should be ashamed.”
Or so says Justin Bolas, founder and chief investment officer of Ibex Investors, which just raised $106 million to invest in early-stage startups in Israel.
“U.S. credit rating expectations fell in November, and the S&P 500 index has risen 15% since then. Investors are not paying as much attention to credit ratings as they used to. In the Israeli context, what matters to them now is permanent This could fuel a new rise in the domestic market, so we’re also being more active here. We’ve hired two more people for our Tel Aviv office. In terms of things, the current situation in Israel is the best it’s been in the 12 years I’ve been working here. It’s hard to understand now, and we felt that way after 9/11, but since then the US market has has grown four times.
Israeli tech startups have raised a total of $1.6 billion from investors in the first three months of this year, according to a compiled report, beginning to see some recovery from a funding drought caused by the outbreak of the Israel-Hamas war. This was the first sign of this. By LeumiTech, the research center IVC and the bank Leumi division specializing in high-tech companies.
Capital raised by Israeli tech companies in the first quarter of 2024 rose 10% from the previous quarter, when $1.45 billion was set aside as investment plummeted due to the war.
Written by John Simmons – Israelinvestment.org Director
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