Abstract

What is the contribution made by angels to the Israeli innovation ecosystem? A study conducted recently addressed this question. The State of Israel is considered to be a Startup Nation. Out of 131 countries, Israel ranks 13th in the 2020 Global Innovation Index (GII) [1]. One of the factors that contributes to Israel’s innovation ecosystem is its developed venture capital industry [2]. The venture capital industry is relatively young in Israel. It was established in the early 1990s with government support for a program of private-public participation through the YOZMA (Initiative) enterprise. The program was highly successful, and from a situation where there were almost no venture capital funds in Israel, Israel was ranked in 2020 according to the GII index [1] in 5th place in the world in venture capital per capita out of 131 countries.