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Israeli tech job openings rise 300% as investment soars

The Israel Innovation Authority will offer NIS 30 million to projects offering innovative models to increase the supply of workers to the hi-tech industry.

Israel’s hi-tech sector is suffering from a chronic shortage of manpower, a problem that has become exacerbated in the past year as more companies have raised large amounts of investment through financing rounds. The authority’s Human Capital Fund program hopes to help solve this challenge through innovative and ground-breaking projects designed to increase the supply of Israeli workers.

The Innovation Authority said it will offer grants of up to 70% of the project’s budget for programs under NIS 1 million, and up to 50% for programs requiring up to NIS 15 million.

From an article in the Jerusalem Post

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