Covid-19 hampering high-tech development in Israel – BoI research
Pandemic exposes risk of overreliance on international financing in a key economic sector
The Covid-19 crisis is making it more difficult for Israeli high-tech companies to raise capital, exposing the key sector’s dependence on international funds.
Research published by the Bank of Israel on July 22 highlights “indications that the activity of the high-tech sector has been adversely impacted, as has been the ability of the sector to raise capital”.
“The greatest difficulties are currently experienced by early-stage companies,” adds the research.
This could become a serious hurdle
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