It would seem that Israel is attempting to increase its economic growth in the current difficult world-wide economic situation.
In a recent publication it was announced that the ministry of industry trade and labor received an increase in budget (even that can happen) for 2012 of 1.5 billion NIS (about 300 million euros). That funding will go towards more R&D financing, training and other supportive measures for the local industry- to increase the competitive advantage of Israeli firms, and create / preserve jobs. This comes after an increase in funding from 2010 to 2011.
It seems that the money will not be left un-used as the Israeli high-tech industry is used to identifying such support opportunities and sizing them up. It comes also on top of the activities of the three years old agency for SME support operating under the funding and directions of the ministry.
It would seem that these attempts to shore up the economic development in 2012 come after the bleak announcement by the governor of the Israeli central bank, that 2012 will be a difficult year economically. Although we are entering an election period such steps seem real enough as they escape the notice of the general population, and will bear at best noticeable fruits after the 2013 elections.
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