Advancing technology in factories
Israel’s Ministry of Economy is providing another NIS 20 million to the Advanced Manufacturing Institute to implement innovative technologies and advanced production methods in factories and improve productivity. It is in addition to funds already allocated to establish the institute.
300+ desert tech companies
The first report of DeserTech and Start-Up Nation Central highlights Israel’s strength and potential for tackling desert challenges. More than 300 Israeli start-up companies are developing agriculture, energy, water, and infrastructure technologies geared to or adaptable for desert environments.
Innoviz’s $4 billion client is Volkswagen
Israel’s Innoviz (see previously) revealed that Volkswagen is the carmaker that placed a $4 billion order with it. Innoviz will be the direct LiDAR (light detection and ranging) laser sensor supplier for Volkswagen’s autonomous vehicles.
Record exports predicted
Israel’s exports of goods and services in 2022 are already up 15% over the same period last year and are projected to reach record high of $165 billion in 2022. Exports of services are again expected to exceed that of goods.
Promoting business with Bahrain
Yariv Becher of StartUpNationHQ describes a recent meeting between Israeli startups and the Bahraini Embassy to discuss business opportunities in the key areas of fintech, manufacturing, travel & tourism, logistics, ICT, and healthcare.
Growing Israel’s digital health sector
AstraZeneca, Accenture, Amazon Web Services, and Israeli health organization Clalit have together launched a new startup program called BeyondBio SCALE. It aims to help Israeli startups develop and implement healthcare solutions globally.
3D-Printed Seafood for Singapore
Israel’s MeaTech 3D (see previously) has partnered Singapore’s Umami Meats to develop 3D-printed cultured structured seafood. Meatech believes it will lead to new markets throughout Asia and worldwide while solving the challenge of diminishing ocean food sources.
New e-Passport system for Andorra
Israel’s Pangea-IT (see previously) has won the Andorran government’s international tender to design the country's new passport system and deliver a complete system for issuing e-Passports for the residents of the European country.
Exits, takeovers & mergers
Israel’s is acquiring Israel’s (formerly Vidstart) for .
Investment in Israeli startups to 7/8/22
raised ;
raised ;
raised ;
raised ;
raised ;