Israel’s Kibbutzim Poured Nearly $30 Million Into Local Startups in 2018
The once-socialist rural communes have undergone vast privatization processes over the past few decades
Meir Orbach and Tofi Stoler | 12:09 28.01.2019
Israeli Kibbutzim, formerly socialist rural communes, have invested NIS 110 million (approximately $29.9 million) in Israeli startups in 2018, a 45% rise compared with the year before, according to data released Sunday by the Kibbutz Industries Association (KIA).
For daily updates, subscribe to our newsletter by clicking here.According to the data, a total of 34 investments were made by 25 kibbutzim through Hamashtela, a fund dedicated to promoting technology and innovation in kibbutzim, which is operated by KIA and the Kibbutz Movement, an umbrella organization for kibbutzim.
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