Outlook for startups and MNCs: Resilience and Optimism

EBN offers valuable insights into the current landscape for startups and multinational corporations (MNCs) in Israel.

The recent report by Israel Advanced Technology Industries underscores MNCs’ significant role in Israel’s high-tech arena, employing a substantial workforce and contributing significantly to the sector’s vitality. While startups faced challenges due to workforce shortages resulting from military enlistment, the impact on MNCs, as noted by only a small percentage of surveyed managers, was less severe.

In light of these findings, EBN emphasizes the importance of governmental support for MNCs, urging recognition of their strategic value to Israel’s economy. They advocate for measures to ease reimbursement processes for war-related damages and to incentivize investments in sectors affected by economic uncertainties.

Moreover, EBN acknowledges the temporary decline in investment and technology acquisitions, both globally and within Israel, partly attributed to political and economic uncertainties. However, they express optimism for the future, citing available investment capital and growth prospects despite the temporary setback in cross-border M&A activity.

Overall, EBN’s perspective reflects confidence in Israel’s resilience and continued opportunities for growth in the tech sector despite the immediate challenges posed by the current economic and geopolitical landscape.

For insights into the assessment provided by senior members of Israel’s legal community, including the Head of our High-tech group Roy Caner, dive into the article by the Israel Desks> click here.