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Today: October 1, 2024
April 25, 2024
1 min read

Empowering Israeli Startups: Join the Collective Call

TLDR:

  • The recent report by Calcalist shows a 23% decrease in international investments in Israeli startups.
  • Avichay Nissenbaum of lool Ventures calls for a unified investment strategy to support Israeli startups.

The recent decrease in international investments in Israeli startups highlights a critical moment for the nation’s economic and technological future. Avichay Nissenbaum of lool Ventures emphasizes the need for a collective approach to bolster the startup ecosystem in Israel. While some international investors are hesitant due to recent political and security uncertainties, it is essential for the Israeli government, institutional investors, venture capitalists, and angel investors to step in and fill the void. Government intervention is crucial for sustaining economic growth, stabilizing the investment climate, bridging the early-stage investment gap, and promoting sectoral strategic interests such as AI. Institutional investors play a pivotal role in reversing the downward trend in investments, while venture capitalists and angel investors serve as catalysts for growth by providing not only capital but also strategic guidance and mentorship to startups. A unified front involving all facets of the investment community is necessary to ensure the resilience and success of Israel’s tech ecosystem in the face of global uncertainties.

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