The startup sector, which is considered the be the engine of Israel’s economy, has been largely stalled due to the war.
With many startup employees serving in IDF reserve duty, interruptions in commerce, a dearth of foreign investment, and strained relations with other countries have all contributed to the slowdown in Israel’s hi-tech sector.
However, Dan Senor, co-author of the bestseller “Start-Up Nation,” points out that, although a slowdown is palpable, the fact that there are green shoots even during the war is a sign the sector is resilient and will recover.
Senor told Globes, “I know this period is brutal and traumatic. You are also putting Israeli talent to a test that no talent pool anywhere in the world can find… yes, there’s geopolitical risk to investing in Israel and setting up shop in Israel, but the Israelis don’t let us down.”
