(Globes) Batya Feldman - Deloitte Brightman Almagor published its Israel VC Indicator Survey for the fourth quarter of 2003, looking at expectations for the upcoming six months by partners and investment managers at 45 venture capital funds in Israel. The survey found that 68% of venture capital managers predict at least a three-fold increase in investment returns over the next six months, 81% expect that the source of money for the next funds will be the U.S., and 85% expect an increase in investment in Internet and e-commerce. Survey director Ilan Birnfeld CPA, head of Deloitte Brightman Almagor's high-tech group, said 72% of fund managers expect the economic climate to improve, compared with 54% in the third quarter. A majority of respondents predict higher investment in Internet, homeland security, medical devices, and software, while investment in biotechnology, nanotechnology, and wireless and communications will decline or remain the same.
2003-12-26 00:00:00Full ArticleBACK Visit the Daily Alert Archive