TLDR:
Israel has launched a new fund to attract institutional investment in tech firms, with the tech sector being a significant contributor to the country’s economy. The fund, called Yozma 2.0, aims to encourage pension funds and insurance companies to invest in Israeli tech companies. The fund will provide $160 million in public money to venture capital funds supporting tech companies and will waive returns for institutional investors, with the goal of supporting early-stage companies in deep technology sectors.
Israel’s government has launched a new fund to encourage institutional investors to boost investments in high-tech companies, the Israel Innovation Authority said on Sunday. The tech sector is a key driver of Israel’s economy, accounting for close to 20% of output, 12% of jobs, more than 50% of exports and 25% of tax income.
The high-tech sector is a central pillar of the Israeli economy, and this new fund aims to diversify sources of funding for tech companies. The Yozma 2.0 fund will provide $160 million in public money to venture capital funds supporting Israeli tech companies, with the goal of supporting early-stage companies in deep technology sectors. The fund will waive its share of returns for institutional investors, enhancing the returns for these investors and creating a robust funding environment for Israeli startups.
