Ashdod Port Company to directly invest in start-ups to boost technological growth

Ashdod Port Company’s board of directors have decided to directly invest in a variety of start-ups to allow for investment in technological companies in the blue-tech field.

In the first phase of investment the company’s board of directors has approved an amount of up to ILS10m (US$3m) in 2022.

Orna Hozman Bechor, chairman of the board of Ashdod Port, said: “We feel like we breached the dam into a developing world of technology and innovation, as we continue to gallop forward with the approval of direct investment of 10m shekels in select start-ups.