Israel Active

Israel’s Peregrine Ventures has established a consortium of leading companies that will jointly develop and invest over NIS 300 million in startups and graduates of Peregrine’s technology incubator. They include Bristol-Myers Squibb, Elbit, and Tel Aviv & Ben Gurion Universities.

Kiwi expat supporters of Israel are invited on 5th Sept to meet in Jaffa, to network and strengthen Israel’s relationship with New Zealand (email for info). The link to the New Zealand Israel Innovation Hub, has info about forging new partnerships between Israel & New Zealand.

Israel’s natural gas production surged 22% in the first half of the year, as the government implemented its plans to export gas via Egypt to Europe. 10.85 billion cubic meters was extracted in the last 12 months from the Tamar and Leviathan fields, of which 42% was exported.

Israel's fiscal surplus in July 2022 was NIS 2.6 billion, resulting in a cumulative surplus of NIS 9.7 billion for the year. It is the first annual surplus since 2007, resulting from reduced Covid-19 expenditure and higher tax revenue from increased economic activity.

Israel’s Eco Wave Power (see previously) is installing its first US deployment in September at the 35-acre campus AltaSea eco-friendly business center in Los Angeles – the busiest seaport in the US. The Israeli startup has a total projects pipeline of 327.7MW.

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Israel’s acquired Covestro AG for ; Unity Software is acquiring Israeli-founded for . Remitly Global acquired Israel’s for ; Israel’s acquired US options trader Gatsby for .

Israel’s Redefine Meat (see previously) is introducing its 3-D printed vegan flank steaks and other plant-based meat alternatives at several London restaurants including Mr. Whites, German Gymnasium, Chotto Matte, and Gillray’s Steakhouse and Bar. It is also available at Selina’s.

Israeli-founded Selina (see previously) has opened two new locations in Israel. The Selina Desert Garden in Mitzpe Ramon in the Negev has 20 glamping tents, a large Bedouin tent, plus family rooms with a jacuzzi. The other hostel is the Selina Metula in the Upper Galilee.

The Layoffs Project is a non-profit website developed by Israel’s fresh.fund (see ) and US-based Angular Ventures that matches out-of-work tech workers with current tech vacancies. Some 350 people have signed up at the site to look for jobs and 324 companies have signed up to hire people.