Israeli start-ups face funding crisis due to wars against Palestine and Lebanon
Israel’s green-tech start-ups are failing to lure investors due to the country’s wars against Gaza and Lebanon.
Venture capitalists are expressing concern over the impact of the country’s violence on the tech sector.
Avi Balashnikov, chair of the Israeli Export Institute, noted the urgent need for funding, as investment in the country’s tech sector has declined significantly since the start of its war on Gaza in October last year.
With many tech workers drafted into the Israeli army, the labor market is tightening, leading to discussions about potential relocations among companies seeking stability.
The government’s war expenditures, which currently exceed $66 billion, further strain resources for investment in new technologies.
Despite the challenges, some defense-tech firms are thriving, securing substantial funding.
However, analysts say the future of Israel’s start-up landscape remains uncertain, as its wars on Gaza and Lebanon continue to deter investment.
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