Israel Active

Israel’s Tourism Minister welcomed Belinda Desoyo Lee Marcelo, a resident of the United Arab Emirates - its millionth tourist of 2022, just over four months since pandemic-related travel restrictions were lifted on 1st March. Nearly a quarter of a million tourists arrived in Israel in June.

Israel’s Elbit Systems’ subsidiary Universal Avionics Systems has won a $33 million order for its ClearVision Enhanced Flight Vision Systems (EFVS) for Boeing 737NG aircraft. ClearVision features the SkyLens 360-degree field of view Head Wearable Display and EVS-5000 cameras.

Some interesting facts in the latest IVC Israeli Tech Review report. Investment in established Israeli hi-tech startups was lower in 2022 than record-breaking 2021, but funds for early-stage startups were higher! Also, more Israeli startups launched in 2022 than for the same period in 2021.

Israel’s F2 Venture Capital has announced its largest-ever seed fund of $150 million for Israeli founders of startups, as well as another $100 million fund to continue backing existing portfolio companies. F2’s areas of focus include Fintech, AI, Big Data, Cloud Ops, and Cyber.

Bridges Israel is a Venture Capital fund that invests in Israeli startups that aim to make financial returns alongside significant social and environmental impact. The startups cover technology in areas including agriculture, water, climate, and health. It sees Israel as the Impact Nation.

Wendy Blumfield writes how Haifa’s Road2 startup hub (see previously) helps local entrepreneurs, industry leaders and investors turn their innovative ideas into inspiring businesses.  (Premium subscription required for full access)

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The US-Israel BIRD Foundation has approved $7.9 million funding for nine new joint projects. Israeli organizations are , , , , , , , (SEQENS), and .

Israel is to reopen its economic office in Istanbul, Turkiye (a.k.a. Turkey), on 1st Aug. It will benefit some 1,540 Israeli companies currently exporting to the Turkish market and help strengthen their business operations. 2021 bi-lateral trade was $7.7 billion, 30% more than in 2020.

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