Over 80% of Israeli Hi-Tech Firms Report Harmed by War

Date: 24 October 2023 - 21:53

News ID: ۱۲۰۶۶۹

AL-QUDS (Dispatches) – Over 80 percent of 507 Israeli hi-tech companies that participated in a survey, reported being harmed by the ongoing Zionist war on Palestinians, according to a survey issued by the Israel Innovation Authority (IIA). The survey, jointly conducted by the IIA and the Israeli Start-Up Nation Policy Institute (SNPI), reported the most significant damage to 70 percent of the surveyed companies was operational continuity disruption, caused by the recruitment of important employees who are reservists to the occupying regime’s military in emergency call-ups.

Twenty-seven percent of the affected companies reported facing a dual challenge, damage to both human capital and funding, including issues like the cancellation and delay of investment agreements, as well as difficulties in reaching out to investors.