Israel Introduces AI Regulatory Sandboxes with New Innovation Fund

What Happened

The Israeli government has announced the launch of a 1 million shekel (approximately $270,000 USD) fund dedicated to supporting regulatory sandboxes for artificial intelligence (AI). Managed by the Israel Innovation Authority, the initiative aims to help local startups and research organizations test and develop AI solutions within a controlled regulatory environment. The new funding targets AI projects that prioritize responsible innovation and ethical deployment, addressing both commercial and public sector needs in Israel. This is part of a broader effort by the country to become a global leader in AI by encouraging collaboration among regulators, academia, and industry.

Why It Matters

The creation of funded regulatory sandboxes strengthens Israel’s position as a tech hub and shows a proactive stance toward AI policy. It provides innovators with support and flexibility to safely test advanced technology while addressing potential risks and ethical challenges. Read more in our AI News Hub