EU firms punching below their weight in Israeli tech scene, report shows

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(The Times of Israel)

The economic collaboration between Israel and the European Union has not come close to fulfilling its potential, particularly with regard to the tech sector, according to a first-of-its-kind report by the EU.

The authors of the report said European conglomerates are lagging behind their US and Chinese competitors with regard to both merger and acquisition deals and corporate investments in Israel, while VC engagement in the Israeli tech sector is low too.

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