Israel Innovation Authority

💰 Israel Innovation Authority Announces NIS 35 Million Investment to Boost High-Tech Expansion in the Negev and Galilee In a significant move to promote regional development and equal opportunities, the Israel Innovation Authority, in collaboration with the Ministry for the Development of the Negev, Galilee, and National Resilience, the Tekuma Authority, and the Ministry for Social Equality, announced today a NIS 35 million fund aimed at encouraging high-tech companies to expand into Israel’s war-battered Northern and Southern regions. 💪 This funding, part of the “Leap to High-Tech” program, will support companies in opening new branches and hiring local talent, fostering economic growth and reducing disparities across the country. As part of the support, high-tech companies may receive: ✅ Up to 70% of the approved budget for a program with a scope of up to NIS 1 million. ✅Up to 50% of the approved budget for a program with a scope of up to NIS 5 million. ✅Up to 30% of the approved budget for a program with a scope of up to NIS 15 million. Companies interested in expanding their operations to the Negev, Galilee, and periphery regions can submit applications in response to the call for proposals until September 29. Read the full release here 👇 https://lnkd.in/dpyJrbH8

🖥️ Transforming Classrooms, One Click at a Time 🌟 The new school year is here, and so is the chance to integrate cutting-edge technology into education! Israeli Edtech startups are pushing the boundaries with innovative solutions that enhance student engagement, improve outcomes, and make learning more interactive than ever before. 🌱Class.Me is a standout in this space, offering a communication platform that enables students to connect with peers and teachers, facilitating collaboration and support beyond the classroom. Let's make this school year the most tech-savvy one yet, leveraging the best of what Israeli innovation has to offer! The Innovation Authority is proud to have supported Class.me during its growth over the years. We're spread across entire Israeli tech ecosystem, and it never fails to produce stellar entrepreneurs in various fields! #BackToSchool #EdTechInnovation #IsraelStartups #EducationTech #LearningReimagined #ClassMe#LearningReimagined #ClassMe

Looking to help rebuild the western Negev? Maintain farming communities and provide them with the best tech out there? Look no further, We need you! 👨🌾 👩🌾 Having high-speed internet and a smartphone is great, but technology is also about the basics, and nothing is more important than the food we grow. The Innovation Authority, partnering with multiple government entities, is putting out a joint call for agricultural technology (ag-tech) companies in the pilot stage, offering a total of NIS 16 million in funding. Companies whose main activity is in the western Negev will be granted additional funding! Among the areas intended for this program, we’re looking for innovations in vertical farming, robotics and automation, water saving, species development, and more. The joint support is essential in the efforts to develop the western Negev area, which is based on innovative agriculture. 🌾 🌿 Through this investment, the Israeli ag-tech sector will contribute not only to technological development, but to creating economic opportunities and strengthening local communities in region. Furthermore, as the Agriculture and Raw Food Security Ministry work to ensure national food security in Israel by 2050, this is certainly the time and place to promote innovation in this area. Read the full article here 👇 https://lnkd.in/dehzE_F6

Moo-re Happiness for Cows: Lab-Grown Meat Means Better Lives on the Pasture! 🐄 Discover Redefine Meat: The Israeli company revolutionizing the future of food! 🌱🥩 This innovative startup is transforming the plant-based meat industry with groundbreaking technology that mimics animal muscle structure at the molecular level. What sets Redefine Meat apart? Their interdisciplinary approach brings together chemists, biologists, food engineers, and professional chefs. This diverse team collaborates to create plant-based products that not only look like meat but also replicate its texture and juiciness. It's a testament to the power of bio-convergence, where biology meets food engineering to address one of our era's biggest challenges. Redefine Meat's success story reflects Israel's growing influence in the global foodtech sector. Supported by the country's national bio-convergence program and the Israel Innovation Authority, companies like Redefine Meat are positioning Israel as a key player in shaping the future of sustainable food production. As the world grapples with sustainability and food security issues, Redefine Meat offers a glimpse into a future where delicious, meat-like products can be produced without the environmental and ethical concerns of traditional animal farming. Their innovative approach could have far-reaching implications for global food systems. Keep an eye on this game-changing company as they work towards a more sustainable and delicious future! #FoodTech #Sustainability #PlantBasedMeat #IsraeliInnovation #FutureOfFood #bioconvergence #alternativemeat

Rain or shine, one thing is sure – the Israeli high-tech industry has been, and still is, a model of consistency as the engine of the Israeli economy as a whole. 🚂 The Israel Innovation Authority together with the Chief Economist's Office at the Ministry of Finance today published a new report providing a first-of-its-kind in-depth examination of state revenues related to high-tech employment, including income tax and corporate tax payments. The report reveals the substantial contribution of the high-tech sector to state revenues. For example, in 2021 employees in the sector were responsible for about 36% of all income tax payments.  💰 The quality of the human capital and the success of Israel as a global tech hub, draws the best multinational companies to invest in R&D centers and offer very competitive salaries that trickle down as tax payments generated to the state. Amazingly enough, 85% of the state's revenue from the high-tech sector is related to workers in the sector. The remaining 15% comes from corporate tax.   As Israel’s dependence on tax revenues from the high-tech sector grows, it is paramount to keep this engine running in the future. Here are some of the recommendations the Innovation Authority has provided in the report: ✔Investment in R&D infrastructure and startups ✔ Expanding the employment base in high-tech     ✔Improving Data Infrastructure for Policy Making   Learn more and read the full report and recommendations: 👇 https://lnkd.in/dAwtThAy

Did you feel that Olympic spirit? The summer games are over, and we witnessed humanity’s greatest athletes performing super-human feats. But just imagine how much better they are going to get thanks to sports-tech! 🏅 🏆 When every second and every inch counts, pro athletes use the best tech out there to get an edge on the competition. The shiny outfits are the first things we notice, but there’s more to it than just looks. The technology behind shoes, fabrics and the various apparel articles are helping to push athletes’ performance and keeping them cool, or warm, while doing it. With over 60 companies in that sector in Israel, better look out for these outfits. 🎽 Clothes aren’t the only thing that athletes wear - as seen in your local gym, devices designed to monitor physical performance have already trickled down to everyday use. In the pro-level, the amount of data is only getting larger and so are ways to collect it at increasing granularity. It is no surprise that AI is entering this field, with 363 patents registered between 2020-2023 globally. 🎾 📺 This often-overlooked sector of the tech ecosystem isn’t focused only on improving athletic performance, but also how we normal humans consume sports. In the age of content streaming, live sport contests stand alone as the undisputed ultimate live event. With a market value of B$22.5 in 2022 and growing rapidly, we’ve only begun to see the potential of the new generation of viewing sports. 📈 Up to date, the Innovation Authority has invested in 26 companies in the sector, amounting to a total of M$37. The bulk of these investments were in companies engaged in streaming technologies and AI applications.

🇮🇱 Israel's tech sector remains a powerhouse in 2024! Despite challenges, like a decrease in #VC_investments and mobilization during the recent conflict, the resilience of our startups shines through. In the first half of 2024 alone, private funding surged by 31% to $5.1 billion, with #cybersecurity leading the charge, securing 52% of investments. Major acquisitions, including NVIDIA's moves in #AI and Blackstone's stake in @Priority, underscore Israel's global tech prowess. Amidst uncertainty, efforts from the Israel Innovation Authority and private investors are pivotal. Together, we're ensuring our innovation ecosystem thrives. 💡🚀 #IsraeliTech #Cybersecurity #Innovation

In less than 2 minutes you have a cornea that can be transplanted in a person! Did you know that today, for every donated cornea there are 70 people in the world that will not receive it and eventually go blind. This is where “Precise Bio” comes in. An Israeli startup that fabricates human tissue in the field of ophthalmology. They print biological materials in very high viability. Working hand in hand with physicians from the early stages of development all the way to the clinical trials to provide a tissue that is easy to transplant and use by the physicians. Precise Bio is also the embodiment of #Bio_Convergence as it employs biologists with other disciplines including chemists, engineers, software developers and physicists, all working together to create the perfect tissue. The platform that Precise Bio created will eventually enable them to print any tissue needed. Today it’s cornea cells but in the future, it can be a pumping heart, kidney or any other damaged tissue. For Precise Bio, the sky is the limit. Click the image to learn more about Precise Bio. Click to learn more about Bio-Convergence and how it is posed to make a significant difference in numerous aspects of life: https://lnkd.in/eFPds4Fr

We are thrilled to announce that nine Israeli startup companies have secured a total of €108 million from the European Innovation Council's EIC Accelerator Program, a key part of Horizon Europe! 🌍✨ This incredible achievement places Israel third in Europe, following Germany and France, for the number of companies awarded funding as well as in the total amount of funding. It’s a testament to the innovative prowess and high quality of our entrepreneurial ventures! 🇮🇱💡  We are proud to see these companies achieve such significant milestones in the Horizon program, demonstrating the high capabilities of Israeli startups and their competitiveness in the global market. The awarded companies, operating in diverse fields such as chips, health, quantum, and space, are: LightSolver Ltd JaxBio Technologies Ltd Nurami Medical Ltd SpacePharma R&D Israel Ltd Reophotonics ImPact Biotech Ltd RAAAM™ Memory Technologies Memory Technologies Ltd Quantum Transistors Technology MediWound Ltd Since the launch of Horizon Europe program in 2021, 32 Israeli companies have already benefited from the EIC Accelerator program with a total amount of EU funding of more than €221 million, positioning Israel among the top five participating countries. Winning companies benefited from the engagement via ISERD for facilitating this connection with the European Horizon Europe framework, bringing our startups to the forefront of global research and innovation! Congratulations to all the winners! 🎉 Let’s continue to innovate and lead on the global stage! 🌟 ISERD - Israel-Europe R&D Directorate #Innovation #Startups #Israel #HorizonEurope #EICAccelerator #Funding #Entrepreneurship #GlobalLeadership

Hungry way before lunchtime? we can't blame you, food makes the world go round 😋 But how do we deal with traditional food manufacturing processes that are harmful to the environment and to the health of both humans and animals? Check out how the genius Israeli food-tech addresses two foody favourites: Remilk uses micro-organisms in the form of yeast to produce milk protein. This solution is intended to enhance the efficiency of the protein production and to meet the needs of the world’s growing population without having to rely on animals. 🐄 🥛 The practice is based on bio-convergence – a combination of biology, computation, and engineering, including extensive use of AI 👨🔬 👩🔬 Now it's no secret that people like honey – but its production depends on two things of which there is currently a shortage: bees and flowers. So what to do? 🐝 🌺 Enter Bee-io Honey Ltd : the company has developed an innovative technology that produces honey for human consumption without bees, with the aim of introducing sustainable honey that is beneficial to both humans and bees. Bee-io Honey currently produces six types of honey in different flavours – all produced locally without the need to import or set up hives. In addition to all the environmental and health advantages, the cultured honey has proven, already in the pilot stage, to be competitive in price with natural honey. 🍯 https://lnkd.in/dVrbWJKT