The devastating and surprising attack that hit Israel last weekend has its consequences for many segments of its society – and the country’s tech and startup community is no exception. As a nation known for its innovation and technological prowess, Israel’s industrious tech sector has long been a global leader, with the country a home to more than 6,000 startups and close to 100 unicorns. In 2022, the city of Tel Aviv alone had 30 new unicorns and 20 scale-ups on the stock market.
However, the recent attacks carried out on Israel by the terrorist organization Hamas also threaten to cast a shadow of uncertainty over the future of the ecosystem and to temporarily halt its development.
The conflict has already resulted in the loss of thousands of lives, and as it further unfolds The Recursive reached out to voices from within the industry to shed light on the challenges that Israeli startups and businesses face right now.
While emergency situations are not unfamiliar to Israel, the ongoing conflict might cause a reluctance among some companies and investors to work in war zones, seasoned Israeli entrepreneur and patent expert Yehuda Binder explains.
Source : The Recursive