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Israel pledges to protect tech start-ups from effects of Hamas war

Government sets aside $100mn for early-stage companies as country’s innovation agency calls on private investors to help
Dror Bin, chief executive of the Israel Innovation Authority: ‘[We] are determined to do whatever it takes to make sure Israeli tech continues to thrive during the wartime and after the wartime’

Israel will do “whatever it takes” to shield its technology start-ups from the fallout from the war with Hamas, the head of the country’s innovation agency has said, as he urged private investors to throw their weight behind the sector.

The Israeli government has so far set aside $100mn to help early-stage companies that faced the prospect of running out of money after Hamas’s October 7 attack on Israel spooked investors and customers.

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