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Sarah, this article is an excellent constructive criticism. You describe the situation very well. Israel can create technologies with significant barrier to entry, convergence of several science field, and there should be a program to incentivize these companies which might need a longer term investment then mobile application companies. There is no VC money in Israel right now for such seed investments and this is a major risk to the Israeli economy that a lot of people and the government choose to ignore.
2 years ago on Investment in Israeli Startups Falls 20% This Year — Can We Finally Admit There Is a Problem?