Israel Active

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MAFAT, Israel’s Defense Research and Development Directorate, is to issue a tender for the purchase of about 20,000 Israeli-made drones, worth hundreds of millions of shekels over 5 years. They will replace the Chinese-built drones currently used by the IDF.

Israel’s GenCell Energy (see previously) is to supply Mexico’s state-owned utility Comisión Federal de Electricidad - the largest utility in North America - with another $4.4 million of its REX backup power units. GenCell produces clean hydrogen gas from liquid ammonia.

Startup Nation Central produced a useful webinar guide to researching Israeli startups, establishing a watchlist, processing investment deals, and on-going management of those investments.

The average monthly wage in Israel in June was NIS 13,865, up 4.7% in real terms from NIS 12,836 in June 2023.  Inflation was 2.9% over the same period. Israeli hi-tech salaries averaged NIS 28,822 (10% of all jobs), while hospitality and catering averaged just NIS 6,192.

At London’s Mind the Tech conference Bank Leumi’s CEO Hanan Friedman said, “the main reason why Israelis are experts in solving problems is because we don't have a choice…it is why we at Leumi decided recently to look for investments in technologies that could save lives in the battlefields.”

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One of the world’s largest express delivery companies has ordered 40,000 licenses for software from Israel’s Cipia (see previously). The Cipia system monitors drivers for distraction and drowsiness levels, creating a safer driving experience.

There’s just time to register for this Technion Institute webinar on 25 Sep at 5pm BST (midday EST). You will learn how the Technion’s close ties with industry and its entrepreneurial-focused programs, accelerators, and incubators help transform research into reality.