‘Israeli high-tech companies will deliver no matter what’ says Innovation chief
The country's Innovation Authority chief has told hundreds of tech leaders how Israel will emerge from this disaster stronger than ever before
The Israel Innovation Authority has told hundreds of global tech leaders that Israel will emerge from the war stronger than before.
In a letter sent to a variety of investors, multinationals and innovation agencies across the world, Dror Bin, the Israel Innovation Authority’s chief executive, said Israeli high-tech companies are extremely robust and will “continue to deliver no matter what”.
The letter, published by Bin on LinkedIn, noted how “Israel’s high-tech sector has consistently emerged from every crisis stronger than before – and that is exactly what will happen this time as well.”
Bin wrote: On October 7th, when the Hamas terrorists decided to carry out one of the most horrific massacres the world has seen in recent decades, it made a huge strategic error. Rather than crushing Israel’s spirit and reaping long-term benefits for itself at Israel’s expense, Hamas’s sickening rampage caused the opposite effect: Israel’s citizens unanimously joined together to take up arms, both literally and figuratively, in order to make sure that we will emerge from this disaster stronger than ever before.”
Bin thanked those who stand by Israel and highlighted the importance of their continued solidarity. He wrote: “I would like to take this opportunity to assure you that Israeli companies and their management are extremely robust and that Israeli high-tech companies will continue to deliver, no matter what. I hope you will show your solidarity by continuing to invest in Israeli technology and buy Israeli tech services and products, and through your ongoing moral backing. Your support is crucial in helping us ensure that Israeli tech will come out of this victorious!”
The Israeli Innovation Authority recently issued an emergency $100 million bridge funding plan to help start-ups that were in the middle of a fund-raising round. This is expected to be joined by additional measures designed to address the immediate and future needs of the tech sector.
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