In 2022, the Israel Innovation Authority allocated a total value of 656 million Israel shekels (about 180 million U.S. dollars) in grants to technology start-ups in Israel. Furthermore, the government office allocated the largest share of grant money to life science companies. During the observed period, funding to early-stage tech companies peaked in 2020 at 840 million Israeli shekels (about 231 million U.S. dollars).
Annual total value of Innovation Authority start-up grants in Israel from 2019 to 2022
(in million Israeli shekels)
Currency conversion rate as of August 30, 2024, 1 USD = 3.64 ILS.
*Data for 2019 is based on earlier reports by the source.
The Israel Innovation Authority, formerly known as the Office of the Chief Scientist, is the government's main arm to and invest in research and development and support the country's technology industry.
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Israel Central Bureau of Statistics. (January 6, 2024). Annual total value of Innovation Authority start-up grants in Israel from 2019 to 2022 (in million Israeli shekels) [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/1489916/israel-annual-value-innovation-authority-grants-startup/
Israel Central Bureau of Statistics. "Annual total value of Innovation Authority start-up grants in Israel from 2019 to 2022 (in million Israeli shekels)." Chart. January 6, 2024. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/1489916/israel-annual-value-innovation-authority-grants-startup/
Israel Central Bureau of Statistics. (2024). Annual total value of Innovation Authority start-up grants in Israel from 2019 to 2022 (in million Israeli shekels). Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/1489916/israel-annual-value-innovation-authority-grants-startup/
Israel Central Bureau of Statistics. "Annual Total Value of Innovation Authority Start-up Grants in Israel from 2019 to 2022 (in Million Israeli Shekels)." Statista, Statista Inc., 6 Jan 2024, https://www.statista.com/statistics/1489916/israel-annual-value-innovation-authority-grants-startup/
Israel Central Bureau of Statistics, Annual total value of Innovation Authority start-up grants in Israel from 2019 to 2022 (in million Israeli shekels) Statista, https://www.statista.com/statistics/1489916/israel-annual-value-innovation-authority-grants-startup/ (last visited November 04, 2024)
Annual total value of Innovation Authority start-up grants in Israel from 2019 to 2022 (in million Israeli shekels) [Graph], Israel Central Bureau of Statistics, January 6, 2024. [Online]. Available: https://www.statista.com/statistics/1489916/israel-annual-value-innovation-authority-grants-startup/
