IVC: Hi-tech companies hit 5-year low

According to the research center there was a 15% drop from the previous quarter and a 12% drop from the first quarter of 2009
26.04.10 / 00:00
IVC: Hi-tech companies hit 5-year low
26.04.10
IVC: Hi-tech companies hit 5-year low
•

According to the research center there was a 15% drop from the previous quarter and a 12% drop from the first quarter of 2009
 
Israel Venture Capital (IVC) Research Center said last week that Hi-tech companies in Israel have hit the lowest financial point in five years.
 
IVC Research Center is Israel's leading research center specializing in analyzing and monitoring Israel's high-tech industry. IVC's publications provide insights on venture capital, private equity and high-tech companies.
 
The center's report on the first quarter of 2010 has found that companies succeeded in raising just US$234 million in Israeli and foreign venture capital, a 15% drop from the previous quarter and a 12% drop from the first quarter of 2009.
 
IVC also noted that Investments by Israeli funds are at a 10-year low, rating just $78 million last quarter, a 26% drop from 2009.
 

 

More articles that may interest you
Zim deploys 12 container vessels with an average capacity of TEU 4,000 on the service
Zim’s AME Service Begins Calling Da Chan Bay Terminal One
All flights will fly to Seoul from there on connecting flights to destinations in the Far East, Australia and New Zealand
Korean Air to resume freighter flights to Israel
The UAM service, starting on May 10 from Kaohsiung, will replace the company’s current Asia-Pacific-North West Coast (PNW) and Far-East Mediterranean (FEM) services
Evergreen to resume US west coast-Asia / Med pendulum May 10
March 2010 brought 313,000 tourists, the highest figure ever posted for that month, and 56% more than the figure for March 2009
In the first quarter of 2010, tourism was up 54% from 2009
During his visit the Israeli Minister met with Kazakhstan Prime Minister Karim Massimov and several ministers in talks about bilateral political and economic relations
Ben-Eliezer visited Kazakhstan last week for bilateral trade talks
The UBS analyst affirmed his forecast that Israel's GDP would grow 3.8% in 2011, a projected rate in line with the consensus of 3.9%
UBS raised its forecast of Israel's growth in GDP for 2010 to 3.5%
More news from Industry & Trade Section
>Israel celebrates Independence Day on April 20th/18.04.10 >CBS: March CPI up 0.1%/18.04.10 >Car sales up in strong quarter for local importers/12.04.10 >Israel’s net polished diamond exports rise by 55%/12.04.10 >Israel economic performance index +0.2% in Feb/22.03.10 >CBS: February CPI down 0.3%/22.03.10 >Israel signs trade agreement with South America/22.03.10 >Trade mission of Connecticut companies to visit Israel this spring/22.03.10 >CBS: record number of tourists in February 2010/15.03.10 >CBS: February's trade deficit up - US$699.8 million/15.03.10