Yozma
Yozma, Yozma Program, or Yozma Fund was a venture capital organization in Israel that initially started out as a government funded program in 1993 to help kick start venture capital, angel investing, and private equity in Israel's economy. $20 million of government subsidies went to the Yozma Fund, the other $80 million the government provided went to match other foreign and domestic fir
Overview
Yozma, Yozma Program, or Yozma Fund was a venture capital organization in Israel that initially started out as a government funded program in 1993 to help kick start venture capital, angel investing, and private equity in Israel's economy. $20 million of government subsidies went to the Yozma Fund, the other $80 million the government provided went to match other foreign and domestic firms, at 40%, to create their own venture capital funds in Israel. The VC companies could buy back the government's equity stake over a 5-year period, and most did. The Yozma Fund privatized in 1997 and became the Yozma Group.
Background
Inbal is a government owned insurance company that underwrote and guaranteed up to 70% of losses for venture capital firms from 1992-1998. The Israeli Government helped start and fund business incubators and an R&D cluster during the 1990s. Many immigrants came to Israel during the fall of the soviet union in the 1990s post-Soviet aliyah and about ⅓ of them were skilled enigineers and scientists.
Yozma 2.0
In 2024, the Israel Innovation Authority has launched a Yozma 2.0 with government funds of $155 million, looking to raise $700 million from private institutional venture capital investors, at a 30% match.
Hebrew translation
Yozma translates from Hebrew to English as initiative.
See also
Genesis Partners Infinity Group List of Israeli inventions and discoveries List of venture capital firms Economic dynamism Economy of Israel Start-up Nation Science and technology in Israel CPP Investments - Canadian Pension Plan Venture Capital Action Plan - Canada Baltimore Development Corporation Texas Emerging Technology Fund Investment banking Public–private partnership Silicon Wadi
References
Venture Capital Policies in Israel
Wikipedia contributors · Yozma · revision 1381888767 · CC BY-SA 4.0 · Plain text extracted and formatting adapted; tags derived from linked topics.