Israeli venture capital funds raised no capital in 2010, according to the Israel Venture Capital Association (IVC) and KPMG Somekh Chaikin. They added that 2010 joins 2009 and 2003, the other dry years of the decade for the industry.
IVC is cautiously optimistic for 2011, based on the positive outlook for the Israeli economy, and government incentives for investment: the Ministry of Finance's program for Israeli institutions to invest in Israeli venture capital funds. The ministry expects the plan to boost investment by $220 million in 2011-12.
IVC estimates that Israeli venture capital funds currently have $1.4 billion available for investment, of which $230 million will be allotted for first investments, and the rest for follow-on investments. It predicts that Israeli funds will raise $800 in 2011 for investment in Israel's high-tech industry.
To read the full, original article click on this link: Israeli VC funds raised no capital in 2010 - Globes
Author: Yossi Nissan
