The government venture capital fund that boosted Israel's start-up economy

In a period when Israel's economy was disproportionately reliant on government funds, a venture capital initiative called Yozma leveraged public money to attract private investment, transforming the country into a global research and development hub. Between 1993 and 1998, the government offered to provide 40% of the money offered by private investors in combined funds, supporting more than 40 companies. The value of Yozma increased from $100 million in 1993 to $250 million by 1996, and the project is regarded as a rare example of government venture capital success.