CoronaTech ecosystem monthly investment
Investments in the Israeli tech sector in the first 8 months of 2020 reached a record high with almost $6B raised. The 34% year over year increase is a clear outlier in the world: US
was up just 5%, and Asia was down -12%.
However, Israel experienced a 21% decline in the number of deals, comparable to 24% decline in the US, which indicates that the growth was concentrated in large rounds, with far fewer amounts targeted at the seed and pre-seed rounds. This creates problems for young company formation and growth.
To paraphrase Mark Twain, it would be premature to announce the death of this crisis. We cannot be complacent in the face of the possible third wave of the pandemic, creating an even stronger impact on the economy and the continuing restrictions on travel. This could lead to investment reduction and difficulties in raising new funds. Moreover, many governments invest heavily in their firms, preparing them for the post-corona competition. We have been luckier than most ecosystems, but we may face serious challenges going forward. We must stay vigilant, making sure that Israeli tech comes out of this crisis in a stronger competitive position than before.
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Grants from governmental and non-governmental, private entities, including corporates, foundations, and research institutes to solve Covid-19 related challenges.
Submission Due Date
Link to Grant
Investors who have chosen to be proactive during the Covid-19 crisis and offer funding to related solutions.