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Israel’s startup scene shows reslience despite nine months of war

TechCrunch LogoTechCrunch12h ago

Israel’s startup scene shows reslience despite nine months of war - TechCrunch

Quick Summary:

When the war between Israel and Hamas broke out last October, we examined its potential impact on the tech ecosystems in Israel and Palestine.

Nine months later, the prevailing sentiment in Israel, based on my conversation with founders and investors, is that the conflict has made the startup and VC ecosystem more resilient, especially its cyber and AI sectors.

The technology sector is a significant pillar of Israel’s economy: As of 2022, the sector employed over 14% of the workforce, contributed more than 18% of the GDP, and accounted for half of the country’s exports, according to the 2023 annual report from the Israel Innovation Authority.


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Article Details

Author / Journalist: Tage Kene-Okafor

Category: StartupsBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 07:12:33 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 2064 words

Reading Time: 12 minutes read

Sentences: 75 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21671461

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