TLDR:
- 18 institutional entities in Israel to receive $155 million for investment in venture capital funds for startups.
- The Yozma Fund 2.0 aims to incentivize institutional entities to invest in Israeli high-tech via Israeli VC funds.
The Israel Innovation Authority and Ministry of Finance announced the launch of the Yozma Fund 2.0, designed to increase capital availability for Israeli startups through investments by institutional entities. The program received overwhelming demand, with nearly all major institutional investors in Israel participating. Government officials, including the Minister of Finance and Minister of Innovation, highlighted the importance of supporting the high-tech sector and strengthening the venture capital market. The fund, similar to the historic “Yozma” program from the 90s, offers incentives for institutional investors to invest in Israeli VC funds, with the goal of enhancing stability and growth in the industry. The selected entities will receive matching funding from the Authority, increasing the returns from their investments. Overall, the program aims to foster collaboration between institutional investors and Israeli venture capital funds while providing a stable financing environment for startups in the coming years.
