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Israel Trade & Economic Office, Embassy of Israel

Official Blog Network

GE plans further investments in Israel, cites Israel as “best country for innovation”

General Electric will continue to invest in Israeli health care and cleantech and search for new opportunities in software and other areas, the Jerusalem Post reports after interviewing GE senior vice president and chief marketing officer Beth Comstock.

Comstock added that Israel is the best country for business innovation, according to GE internal research, and its business executives are among the most optimistic in the world.

“I understand the optimism people have here,” she says of Israel. “It’s very much an energetic, can-do society.” 

GE recently announced investment in Israeli start-up Check-Cap, a developer of an ingestible imaging capsule that may help detect colorectal cancer.  In the Cleantech arena GE is invested in Solar Edge, which makes systems that boost solar panels’ electricity production.

GE is the world’s 16thlargest company, with annual revenues of $151.63 billion, according to Fortune’s Global 500. The US-based conglomerate operates nine R&D centers in Israel.

Click here for the full Jerusalem Post article.