Israeli Government Launches Yozma 2.0 Fund to Boost Local Startups
Thursday, 1 August 2024, 07:07
Israeli Government Launches Yozma 2.0 VC Fund
The Israeli government has announced the launch of the Yozma 2.0 venture capital fund, totaling $155 million. This funding aims to bolster investments in Israeli startups.
Fund Allocation
In the initial phase, 18 Israeli institutional entities will benefit from this funding, allowing them to invest in Israeli venture capital funds.
Impact on Startups
- This initiative enhances the abilities of local venture funds.
- It promotes innovation and growth within the Israeli startup ecosystem.
- The government's move underscores Israel's commitment to maintaining its position as a leading tech hub.
Ultimately, the Yozma 2.0 fund represents a significant step towards strengthening the infrastructure for entrepreneurial growth in Israel.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.