Maayan Fund

MAAYAN logos

Our Story

MAAYAN Fund is a student-led VC fund that will invest in exciting early-stage impact startups to strengthen the University’s ecosystem.

The first-of-its-kind fund in Israel, MAAYAN Fund will be managed by students from the Hebrew University Business School and will contribute to the school’s ecosystem of entrepreneurship and innovation.

The MAAYAN Fund will focus on investing in start-ups that aim to produce a measurable impact, operate in Jerusalem, and/or were established by HUJI alumni. Funding will be raised from investors who seek an opportunity to invest in unique start-ups, and to build a unique ecosystem at the Hebrew University.
The MAAYAN Fund will provide students with an extraordinary opportunity for hands-on experience in the rapidly growing impact investment sector. In addition to leveraging and strengthening relationships between students, entrepreneurs, and investors in the HUJI community.

Due to MAAYAN's unique environment inside The Hebrew University, there are incredible business opportunities in hands reach!

A brief overview of the MAAYAN Fund

Our Impact

MAAYAN invests in businesses with a mission to improve life on earth, in accordance with the SDGs, using innovative technologies.

  • For the (Startup) world

    A sector agnostic fund with a focus on mission-driven start-ups. Relevant field of interest are FoodTech, AgTech, MedTech, BioTech, industry 4.0, EdTech etc.

  • For the HUJI Community

    Strengthening the alumni community, increasing capital supply for entrepreneurs, as well as providing a unique investment opportunities.

  • For the students

    A first-of-its-kind hands-on experience in impact VC Investing.

  • For HUJI and its Business School

    A groundbreaking platform for teaching that will create an effective ecosystem with social impact.

Our Team

Academic Team

Dr. Dan Marom

Dr. Dan Marom

Shir Kahanov

Shir Kahanov

Prof. Yigal Newman

Prof. Yigal Newman

Team MAAYAN 2025

Tom Yariv

Tom Yariv

Guy Zehavi

Guy Zehavi

Moshe Silberman

Moshe Silberman

Ben Tabuch

Ben Tabuch

Rona Yaniv

Rona Yaniv

Stav Rehani

Stav Rehani

Guy Zur

Guy Zur

Advisory Committee

Prof. Eugene Kandel

Prof. Eugene Kandel

Prof. Dan Galai

Prof. Dan Galai

Prof. Nicole Adler

Prof. Nicole Adler

MAAYAN's Circle

 The Evaluation Gap

Toward a New Standard of Algorithmic Accountability in Impact Investing

ARCHIVE

During the Turner MIINT competition, our team believed we had found a compelling investment opportunity: an early-stage algorithmic social tech venture with a flawless impact narrative. However, when presenting our thesis to the Investment Committee, we faced a critical reality check. The committee’s feedback targeted a structural blind spot we had overlooked - while the venture's intentions were deeply noble, the empirical link between its algorithm and actual user outcomes was still a "black box." We had fallen into a classic early-stage trap, mistaking a well-crafted story for verifiable data.

This experience in a simulated investment committee mirrors a very real, systemic challenge across the global financial landscape. The Global Impact Investing Network (GIIN) defines impact investing as capital allocations executed with the explicit intent of generating measurable social and environmental solutions alongside competitive financial returns. 

Over the past several years, this asset class has transitioned into mainstream financial markets, experiencing exponential growth. Globally, Assets Under Management (AUM) surged to approximately $1.57 trillion in 2024, representing a robust Compound Annual Growth Rate (CAGR) of 21% since 2019.

READ MORE

The Forgotten Partner

On the Role of the State in Impact Investment

ARCHIVE

Author: Moshe Silberman

My name is Moshe Silberman. I am a Law and Accounting dual-degree student at the Hebrew University of Jerusalem, and part of the founding team of MAAYAN Fund – Israel’s first student-led impact venture capital fund. I also work in the International Tax Division at the Israeli Tax Authority, in the Corporate Valuation and Business Restructuring Department, where I focus on corporate valuations, cross-border transactions, and post-M&A structuring for multinational corporations.

This paper emerged from my personal experience at the intersection of theory and practice. In my work with the fund and in the field of investments, I have seen how impact investors and ESG stakeholders aim to drive positive social change, focusing on products and technology. At the same time, through my work in taxation and finance, I have seen how profits do not always reach the countries or communities where the impact occurs - and at times even finance policies that contradict the values the investment aims to promote.

As a result, I propose in this paper two new metrics - Fiscal Alignment and the Value Alignment Index - designed to help investors and researchers evaluate not only a company’s direct impact but also its profit structure, tax policy, and the identity of the states that benefit from its tax payments. My goal is to offer an additional tool for deeper moral assessment of the impact we seek to create, without dismissing global complexity or legitimate corporate structures.

READ MORE

The RHODIUM Ventures Award

ARCHIVE

The RHODIUM Ventures Award is a new and exciting initiative launched in partnership with Rhodium VenturesEarth & Beyond VenturesKyocera Ventures, the Hebrew University, and the MAAYAN Fund. This prestigious competition is designed to identify and support outstanding early-stage deep tech startups with a strong connection to the Hebrew University or to the city of Jerusalem. 

The winning startup will receive either a $100,000 investment from Rhodium Ventures or up to NIS 6.5 million from Earth & Beyond Ventures.

In today’s complex landscape, this initiative stands as a powerful statement of commitment to advancing the Hebrew University affiliated innovation, strengthening Israel’s leadership in deep tech, and fostering long-term resilience through entrepreneurship.

Applications are now open.

If you're a founder with a connection to Jerusalem or the Hebrew University, this is your opportunity to be recognized and funded by leading global partners.

LEARN MORE

Contact Us