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Illustrative image of a baby s first steps (NelliSyr; iStock by Getty Images) The Israel Innovation Authority, in charge of setting out the nation’s policies for the tech sector and fostering the startup ecosystem, has set up a new NIS 80 million ($25 million) fund to encourage investments in early-stage companies that are facing a funding squeeze, in a bid to boost the number of new startups. Grants from the fund will be given to startups that team up with veteran investors, the authority said in a statement on Wednesday. Since 2017, there has been an average annual decrease of about 25% in the number of startups being formed in Israel, a negative trend that has intensified against the backdrop of the coronavirus crisis, the authority said in the statement. The objective of this new program is to help seed-stage startups in high-risk fields attract investors and grow.

Anya eldanIndustry israel innovation authorityIsrael innovation authorityMinistry of economyStartup divisionAmi appelbaumChief scientistHybrid seed incentive programwillArab israelisIsrael innovationதொழில் இஸ்ரேல் கண்டுபிடிப்பு அதிகாரம்இஸ்ரேல் கண்டுபிடிப்பு அதிகாரம்அமைச்சகம் ஆஃப் பொருளாதாரம்தொடக்க பிரிவுஅமி அப்பேள்பும்தலைமை விஞ்ஞானி