The Israeli government has unveiled a NIS 1.6 billion (£320 million) support programme aimed at helping the country’s hi-tech and export sectors cope with the rapid appreciation of the shekel.
Announced at the end of June by the Ministry of Finance and the Israel Innovation Authority, the measures include around NIS 1 billion in fast-track funding for early-stage startups and growth-stage technology companies, alongside investment in industrial modernisation, exporter support, workforce training, and expanded tax incentives.
Under the initiative, startups and scale-up businesses will be eligible for matching grants designed to extend their financial runway, support continued growth, and encourage them to maintain and expand their operations in Israel. An inter-ministerial committee will also be established to review the long-term competitiveness of Israel’s hi-tech sector and consider structural reforms ahead of the 2027 State Budget.
