Startup Nation Central (SNC) recently released a report titled “One Year of Israeli Innovation in War”, shedding light on the impact of the conflict on Israel’s tech ecosystem. The report highlights the financial uncertainty created and the varying effects on different regions within Israel.
Key findings from the report include the cancellation of investments in nearly half of Israeli tech companies, with only 31% confident in their ability to raise funds next year. The report also indicates a decline in investment activity, particularly in the northern region of Israel.
Despite the challenges, the report reveals signs of resilience in the tech industry, with $7.8 billion raised since the outbreak of the conflict. However, there are concerns about the government’s ability to lead recovery efforts, with a significant portion of companies and investors expressing doubt.
Signs of optimism
Despite the uncertainties, there are signs of optimism among industry players, with many believing in the continued growth of Israeli tech. SNC CEO Avi Hasson emphasizes the importance of government support to ensure the sector’s continued success.
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