Israeli startups seek US refuge amid domestic uncertainty

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Israeli startups seek US refuge amid domestic uncertainty
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According to a survey - up to 80% Israeli tech startups are in the US

A growing number of Israel's tech startups are incorporating in the United States, attracted by deep-pocketed US funds and pro-business policies, and with an extra push from a planned judicial overhaul at home that has rattled investors.

While some mention Israeli Prime Minister Benjamin Netanyahu's judicial changes as curbing court power, critics call it anti-democratic. As many as 80% of new Israeli tech startups in 2023 have so far chosen to incorporate in Delaware, up from 20% in 2022, according to an Israel Innovation Authority survey that also showed companies intend to register future IP overseas.

"It's pure business," Feldman added. Tomer Tzach, CEO and co-founder of agri-tech company CropX, is considering switching incorporation to Delaware.

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