Paul Singer Embraces Startup Nation in Battle for Israel Economy
- Countering the boycott movement, focusing on innovation
- Top former Israeli official named to head a new foundation
Why Paul Singer Supports Israel's High-Tech Industry
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A U.S. billionaire and a senior Israeli economist are joining forces to promote Israel’s high-tech industry, hoping to lure international investors and officials, and counter a Palestinian-led boycott movement.
The billionaire, Paul Singer, who runs the hedge fund Elliott Management, has put up $20 million in recent years to create a non-profit called Start-Up Nation Central. The official leading the foundation will be Eugene Kandel, who just completed six years as chairman of the Israeli National Economic Council.