Israeli government plans investment fund for social projects, with Netanyahu’s backing

29.08.2012                      11.Elul. 5772

Wirtschaft:

Israeli government plans investment fund for social projects, with Netanyahu's backing

Beyond regular profit motive, social businesses have social goals, like Tel Aviv's Lilith restaurant, which employs troubled teens and offers them the opportunity to learn cooking as a profession.

On the eve of Rosh Hashanah, the government will announce an unusual social initiative – an investment fund for social projects. The model is akin to that of the Yozma venture capital fund, which operated in the early 1990s and was the first fund to invest in Israeli technology start-ups….