In 2023, the Israel Innovation Authority (IIA) allocated a total value of 670 million Israeli shekels (about 188 million U.S. dollars) in grants to technology startups 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 235 million U.S. dollars).
Annual total value of Innovation Authority (IIA) startup grants in Israel from 2019 to 2023
(in million Israeli shekels)
Characteristic
Value of grants in million Israeli shekels
2019*
686
2020*
840
2021
690
2022
688
2023
670
02004006008001,000
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Currency conversion rate as of January 20, 2024, 1 USD = 3.57 ILS.
*Data for 2019 and 2020 are 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. (December 29, 2024). Annual total value of Innovation Authority (IIA) startup grants in Israel from 2019 to 2023 (in million Israeli shekels) [Graph]. In Statista. Retrieved April 13, 2025, 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 (IIA) startup grants in Israel from 2019 to 2023 (in million Israeli shekels)." Chart. December 29, 2024. Statista. Accessed April 13, 2025. 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 (IIA) startup grants in Israel from 2019 to 2023 (in million Israeli shekels). Statista. Statista Inc.. Accessed: April 13, 2025. https://www.statista.com/statistics/1489916/israel-annual-value-innovation-authority-grants-startup/
Israel Central Bureau of Statistics. "Annual Total Value of Innovation Authority (Iia) Startup Grants in Israel from 2019 to 2023 (in Million Israeli Shekels)." Statista, Statista Inc., 29 Dec 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 (IIA) startup grants in Israel from 2019 to 2023 (in million Israeli shekels) Statista, https://www.statista.com/statistics/1489916/israel-annual-value-innovation-authority-grants-startup/ (last visited April 13, 2025)
Annual total value of Innovation Authority (IIA) startup grants in Israel from 2019 to 2023 (in million Israeli shekels) [Graph], Israel Central Bureau of Statistics, December 29, 2024. [Online]. Available: https://www.statista.com/statistics/1489916/israel-annual-value-innovation-authority-grants-startup/
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