Israel Innovation Authority chief says he will step down after five years in role

Dror Bin, the chief executive officer of the Israel Innovation Authority, announces his intention to step down after a five-year tenure at the helm of the body in charge of fostering the nation’s tech ecosystem and channeling government policies.

Bin, who before joining the authority was the president and CEO of global telecom network solutions company RAD Data Communications, says he led the Israel Innovation Authority during a “significant and challenging period” for both the State of Israel and the Israeli tech ecosystem, including the COVID-19 pandemic, global slowdown in the technology sector, and three years of war.

He will remain at his post in the coming months, until a replacement is found, the Innovation Authority says in a statement.

“I am concluding my role at a time when Israeli high tech continues to demonstrate resilience, strength, and adaptability even amid considerable uncertainty, and is well positioned to address the challenges and opportunities of the years ahead,” says Bin. “I am especially proud that in recent years we succeeded in laying critical foundations that will continue to support the Israeli economy in the future, particularly in the fields of artificial intelligence, deep-tech, and the broader innovation ecosystem.”