Israel Active

On-line games have made a significant impact on modern day culture, entertainment, education, rehabilitation training and technological advancement. Israel’s 190 digital games companies employ 14,000 people, earning a total of $8.6 billion in 2021 - 800% more than in 2017, and 5% of the global market.

3-min video of one of Israel’s most important institutions. The Israel Innovation Authority supports Israeli innovators from least to most experienced. From inception to long-term, high-risk R&D projects. For every shekel it invests, over 5 shekels are returned to the Israeli economy.

Numbers of employees in Israeli growth companies increases by 30% every year and there are now over 33,000 hi-tech job vacancies. Meanwhile, despite the downturn, Israeli startups raised almost $10 billion in the 1st half of 2022.

OurCrowd hosted CEOs from Israeli startups , , , and IBM’s digital transformation executive advisor to discuss how technology can improve our jet-lagged transportation networks.

Following its success with alternative milk products, Israeli-based Tnuva has launched an R&D center for alternative protein products. It is investing NIS 5 million in the facility in Rehovot, which will be the first time Tnuva has dealt with meat, fish, and egg alternatives.

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Several food businesses received popular acclaim at Tel Aviv’s Vegan Fest earlier in June (see previously). They include The Dim Sum Shop, Green Roll Vegan Sushi, and EggZit.

General Motors is the fifth multinational car manufacturer to invest in Israel’s UVeye (see previously). The funds are “to help fund the development and commercialization of the company’s vehicle inspection technology.” The firms will explore using the tech at GM’s 4,000 dealerships.

Merlin (US) helps Israeli startups penetrate the U.S. federal market. Merlin Ventures arranges strategic investments in cybersecurity companies, Merlin Cyber helps with marketing strategies, and Merlin Labs brings the technology together. Merlin opened a Tel Aviv office in 2020.

German giant Bayer will open a cybersecurity development center at Bayer Israel’s existing Hod Hasharon offices in Israel, as part of the multinational’s global cybersecurity operation. Its aim is to engage and partner with the cybersecurity sector inside Israel’s tech ecosystem.