Israel Active

The Israeli government has approved the implementation of a NIS 3 billion program to promote innovation in climate-tech. Its 5-year plan aims to double the number of startups in this area to 100 and vastly expand the number of related venture capital funds.

Reichman University in Herzliya is setting up a venture capital fund that will invest mostly in startups founded by its graduates. Investors have already committed $30 million, to be allocated to pre-Seed and Seed investments in startups founded by students, even during their studies.

Tal Tauber Gottesdiner is the founder of HaShizra (The Stem), a community that empowers women in the Israeli wine, culinary and spirit industries. Over 260 women joined HaShizra in its first year and it now has over 900 members. HaShizra events are open to both women and men.

Japanese construction and mining giant Komatsu has signed a partnership agreement with Israeli AI construction safety startup INTSITE (see previously). INTSITE’s technology helps prevent accidents and improves efficiency by identifying anomalies and bottlenecks during mining work.

Israel’s Hailo (see previously) is linking up with the R-Car systems-on-chip from Japan’s Renesas to make high performance Advanced Driver Assistance Systems (ADAS) technology more accessible in all cars. Hailo’s CEO said that its “AI will play a major role in making our roads safer”.

Several companies provide tourists a view of Israel and its landscape outside of hotel rooms. Gag Eden is located on the roof of Jerusalem’s Clal Center. It also has a campsite in Jerusalem’s Peace Forest. Others include Glamping Israel and Glow Camping. Booking.com and Airbnb also provide options.

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There were 68,970 building starts in Israel between April 2021 and March 2022, up from 63,274 in 2021 and the highest figure since 1995. In the year to March 2022, there were 159,900 new homes under construction in Israel - an all-time record.  

Israel’s Rapyd (see previously) has been registered at the Dubai International Centre (DIFC) and is set to become the first Israeli company set to be regulated in the UAE. The Dubai Financial Services Authority has granted an in-principle approval to Rapyd.

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