As of 2019, the value of grants for startups from the Israel Innovation Authority was about 580 million Israeli Shekels. The total value of grants budgeted by the Israel Innovation Authority was 1.7 trillion Israeli Shekels. The leading investment field of the Israeli innovation Authority is the support of economic growth in Israel.
Grants by innovation Authority for startups
In 2017, around 700 new startups were founded in Israel. The Innovation Authority of Israel receives grant applications for about 22 percent of startups in Israel from all sectors. The leading sector for grant application is life sciences, followed by cleantech and foodtech.
General funding of startups in Israel
More than half of the investment for Israeli startups comes from foreign investors with almost 1.6 billion U.S. dollars. Domestic funding of Israeli startups was during the same time at around 709 million U.S. dollars.
Value of Israel Innovation Authority's grants as of 2019, by innovation division
(in million Israeli Shekel)
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Israel Innovation Authority. (May 4, 2020). Value of Israel Innovation Authority's grants as of 2019, by innovation division (in million Israeli Shekel) [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/968847/israel-value-innovation-authority-grants-by-innovation-division/
Israel Innovation Authority. "Value of Israel Innovation Authority's grants as of 2019, by innovation division (in million Israeli Shekel)." Chart. May 4, 2020. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/968847/israel-value-innovation-authority-grants-by-innovation-division/
Israel Innovation Authority. (2020). Value of Israel Innovation Authority's grants as of 2019, by innovation division (in million Israeli Shekel). Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/968847/israel-value-innovation-authority-grants-by-innovation-division/
Israel Innovation Authority. "Value of Israel Innovation Authority's Grants as of 2019, by Innovation Division (in Million Israeli Shekel)." Statista, Statista Inc., 4 May 2020, https://www.statista.com/statistics/968847/israel-value-innovation-authority-grants-by-innovation-division/
Israel Innovation Authority, Value of Israel Innovation Authority's grants as of 2019, by innovation division (in million Israeli Shekel) Statista, https://www.statista.com/statistics/968847/israel-value-innovation-authority-grants-by-innovation-division/ (last visited December 24, 2024)
Value of Israel Innovation Authority's grants as of 2019, by innovation division (in million Israeli Shekel) [Graph], Israel Innovation Authority, May 4, 2020. [Online]. Available: https://www.statista.com/statistics/968847/israel-value-innovation-authority-grants-by-innovation-division/
