CTech – Israel is set to become a research and development nation instead of a startup nation, according to Hanan Brand, partner at Cornerstone Venture Partners, an early-stage venture capital firm headquartered in New York with offices in Israel and California.
Brand spoke Tuesday about opportunities for seed-stage companies in Israel at Calcalist‘s investors’ event It Tech Two to Tango, held at the events space of LABS, a coworking space located on the top floors of the Azrieli Sarona Tower in Tel Aviv.
On the surface, things look quite well for the Israeli tech ecosystem, but there is a worrying trend, Brand said. In Israel over the past five years, later stage financing rounds have doubled, while seed-stage rounds remained flat. The number of companies established in Israel has declined substantially since 2013, Brand said. Multinational corporations operating in Israel are at fault for this, he said, because these companies have sent tech salaries skyrocketing.
“Where is the incentive to start your own company?” Brand asked.
According to Brand, for Israel to maintain its Startup Nation status, more investments are needed in the seed and pre-seed stages. More companies need to be created in Israel, and more people from all sects in Israel need incentives to establish their own companies, Brand said.
Visit the USSA News store!
Click this link for the original source of this article.
Author: Adi Pick / CTech
This content is courtesy of, and owned and copyrighted by, https://www.algemeiner.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the USSANews.com administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit https://www.algemeiner.com for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.