Israel Active

The Jerusalem Post Group held its “Global Investment Forum 2022” in Marrakech, Morocco. Israeli companies presenting included and . Other topics included (tourism), (tourism and conferences), and the .

The S&P rating agency has confirmed the credit rating of the State of Israel at its previous level of AA-. It said Israel manages a solid economy, strong fiscal indicators, strong external accounts, had recovered admirably from the COVID-19 crisis and recorded relatively high 2021 growth of 8.6%.

Israel’s Zooz Power is piloting its system for fast charging electric vehicles at New York’s La Guardia airport. The 12-month pilot should expand into a full-blown partnership. Zooz ran a pilot with Wien Energy at Vienna’s international airport and is establishing five charging points in Germany.

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Global cloud-based payments service provider Checkout.com has opened an R&D center in Tel Aviv. It plans to recruit 100 employees over the next two years. “The talent in the Israeli market represents some of the brightest minds in technology”, said Checkout.com’s Chief Product Officer.

Some 100 Israel companies are active in the construction tech sector. In addition to designing, planning, or building structures or buildings, they also include building information modeling (BIM), augmented reality, and geospatial technologies already in use by smart cities.

Jerusalem’s Thinkers Distillery generates its water from the air using the technology from Israel’s WaterGen. In the last six months, Thinkers has sold 100,000 bottles of its gin, vodka, and bourbon whisky. It has a $10 million contract with Total Wine & More, the largest wine retailer in the US.

Google has selected another ten Israeli startups for the sixth cohort of its Startup Growth Lab. They are , , , Guardz, , , , , Lexense, and .  Startup Growth Lab graduates have raised a total of $3.7 billion in funds.

Intel has selected another ten Israeli startups for the seventh cohort of its Ignite startup growth accelerator program in Tel Aviv. They are Dragonfly, Briya, Scala Bio, IOriver, Codium, , Control Monkey, Sensorz, Utila, and tons.ai.

Another ten Israeli startups have selected to join Deloitte’s Launchpad accelerator (see previously).  Only Trusstor (digitizing the construction process) has not been featured before in this newsletter. The 23 previous Launchpad members have already raised a total of $400 million in funds.