Israel is looking for firms to manage four high-tech investment funds that will be traded on the stock exchange and given state protection for any losses, the government said on Sunday. Israel's government has been under pressure to open the country's thriving technology sector to more local investment as foreigners are seen to be mainly reaping the returns of Israel's tech boom.
Most of the capital invested in Israeli companies is in research and development and many firms are acquired by foreign ones at relatively early stages. Last week, Symantec Corp said it was buying Israeli cybersecurity startup Fireglass, while earlier this year Intel agreed to buy Israeli autonomous vehicle tech firm Mobileye for $15 billion.
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