Israel Active

The Israeli government is offering substantial grants and opportunities for companies that can deliver technologies and products to streamline the construction process and transform building sites. It includes new methods, materials, automation, robotics, and waste reduction.

Israel is to provide about NIS 500 million to support urban renewal initiatives in 12 Israeli cities. It will benefit Ashdod, Bet Shemesh, Bat Yam, Givatayim, Hadera, Haifa, Jerusalem, Lod, Netanya, Kiryat Ono, Kiryat Yam, and Ramat Gan. Municipalities now must submit appropriate plans.

The EIT Hub Israel (see previously), which bridges the Israeli and European tech ecosystems, has selected 6 Israeli & 7 European startups to take part in its scale-up program. Calling2Scale is a project that helps firms with working products to reach global markets through grants and industry connections.

Credit rating agency Standard & Poor’s (S&P) has kept Israel’s favorable rating unchanged at AA- with a “stable” outlook. It cited Israel’s strong 2021 performance, a robust economy, and fiscal outturns that helped “net general government debt fall below its pre-pandemic level more quickly,”

A new natural gas reservoir has recently been discovered at the Athena exploration well off Israel’s coast. It will provide another 58 billion cubic meters of natural gas, giving another significant boost to Israel’s rapidly developing energy industry.

Israeli NGO Terra is partnering the Society for Protection of Nature in Israel (SPNI) to rehabilitate Israel’s wetlands by re-wilding many of its fishponds. It has major environmental and business benefits, creating a nature-based, carbon removal credit project, saving wild fowl and financing kibbutzim.

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Israel’s has acquired Israel’s for .

Israel’s CyberArk (see previously) is so big (valued at $4 billion) that it can afford to launch its own cybersecurity investment fund. CyberArk Ventures is to invest $30 million in early-stage cyber startups and already has funded , and .

Israel’s YL Ventures has just launched a $400 million fund – YLV V, bringing its total capital under management to $800 million. The new fund is the largest cybersecurity-focused Seed stage fund ever raised. Of YLV’s 25 startups since 2007, 11 have exited and 13 are still active.