Finance Ministry and MAFAT select Adir Capital and SLING Capital for state-backed defense-tech funds
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What happened
The Finance Ministry's Accountant General Division and the Defense Ministry's MAFAT announced the selection of Adir Capital and SLING Capital to set up venture funds for advanced defense technologies.
Why it matters
The announcement names the vehicles and managers that will deploy public-backed capital into a defined strategic sector, moving from policy intent to execution. That can alter financing conditions for defense-tech firms, affect where sensitive intellectual property is developed, and influence how quickly military-relevant technologies move from startup stage to procurement pathways.
On September 22, Israel's Finance Ministry Accountant General Division and the Defense Ministry's Directorate of Defense Research & Development (MAFAT) selected Adir Capital and SLING Capital to establish venture funds focused on advanced defense technologies. The move turns a previously discussed policy line into an implementation step by naming fund managers that will channel state-backed capital into strategically sensitive companies. For Israeli technology and defense planners, the selection matters because it can shape domestic scale-up capacity, procurement-adjacent innovation, and financing access for startups working on dual-use and military systems.
Watch for
Israel Ministry of Finance publication of the tender award terms or fund structure documents by 2026-09-26 Israel Defense Ministry MAFAT statement naming the target technology domains or eligibility criteria by 2026-09-26 Israel Innovation Authority or Accountant General release on state capital commitments and matching-private-capital ratios by 2026-09-26 Registrar of Companies filings or official fund-registration notices for the selected vehicles by 2026-09-26
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