“This is different than anything we’ve faced before,” said Avi Hasson, the CEO of Start-Up Nation Central (SNC), a non-profit that promotes Israel’s tech industry globally. Pledges of supportThe tech industry accounts for 18% of Israel’s gross domestic product, about half the country’s exports and 30% of tax revenue, making its prosperity crucial to Israel’s economy. “Seasoned investors with experience backing Israeli startups are not backing away due to the war,” said Samid of TechAviv. For many in Israel’s tech industry, the devastating circumstances have only served to underscore the sector’s famed resilience. “Israeli [tech] hasn’t stopped,” Hasson noted.

Source: CNN October 13, 2023 19:15 UTC