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Home » Israel tops up budget for struggling biotechs amid continuing war challenges
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Israel tops up budget for struggling biotechs amid continuing war challenges

Nov. 1, 2023
By Caroline Richards
Israel’s finance ministry has increased the amount of funding high-tech companies with a short runway, including biotechs, can apply for under a fast-track scheme run by independent, publicly funded agency The Israel Innovation Authority, in response to the country’s war against Hamas. The program has been boosted by an extra ₪300 million (US$74.7 million), bringing the total budget to about ₪400 million, and from this month will assess applications from startups facing financial difficulties.
BioWorld Financings Middle East North Africa

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