Israel Innovation Authority Raises Deep-Tech Startup Funding to 6 Million Shekels
Updated
Updated · JNS.org · Jun 29
Israel Innovation Authority Raises Deep-Tech Startup Funding to 6 Million Shekels
3 articles · Updated · JNS.org · Jun 29
Summary
Israel’s Innovation Authority will lift its maximum backing for approved deep-tech startups to 2 million shekels at pre-seed and 6 million shekels at seed stage from July 15.
The increases from 1.5 million and 5 million shekels are meant to ease fundraising pressure for early-stage companies developing breakthrough technologies with long, risky development cycles.
Priority applicants will get more: startups in National Priority Area A or led by under-represented entrepreneurs can receive up to 2.2 million shekels at pre-seed and 6.6 million shekels at seed stage.
The Startup Fund is a flagship program that pairs government money with private capital to lower investor risk in deep-tech fields built on advanced research and engineering.