The Israeli Ministry of Defense's Office for the Development of Weapons and Military Technologies (MAFAT) has entered into a strategic partnership and advisory role with Altshuler Shaham's new venture capital fund.
This fund aims to invest in startup companies operating in the defense sector.
With an initial mobilization of $20 million, the fund plans to expand its capital to $50 million.
Under the partnership agreement, MAFAT will assess companies seeking funding and facilitate collaborations between civilian and defense enterprises.
In return, MAFAT's management will receive a percentage of successful investments.
