Posted 1/3/2024, 12:41:00 PM
Israeli Tech Braces for Investment Drought Amid Security Worries and Global Headwinds
- Israeli hi-tech sees 60% drop in investments in 2023, much worse than US and Europe
- Foreign venture capital funds exhibit growing reluctance to invest in Israeli startups
- Security instability and conflict with Hamas negatively impact hi-tech sector reliance on foreign money
- Questions remain whether Israel can maintain tech leadership in age of AI revolution
- Government policy and industry collaboration crucial to address challenges facing innovation sector