At first glance, these two facts may appear unrelated – but in Israel, innovation and resourcefulness have always gone hand-in-hand. And there’s no better case study than the country’s vibrant sustainable technologies sector.
The most recent Global Cleantech Innovation Index ranks Israel sixth in the world, attesting to the reach and impact of the country’s game-changing solutions in fields like agriculture, climate change mitigation, energy, and more. With more than 600 companies in the cleantech sector, Israel is well-positioned for continued leadership in the global effort to harness ingenuity and innovation for a more sustainable future.
Here’s a look at a few companies making that possible:
While these and other companies have helped put Israel’s sustainable technologies sector on the map, the local ecosystem isn’t resting on its laurels. Through private funding and public initiatives, Israel has shown a robust commitment to growing the sector and expanding its global footprint.
A key player in that effort is Israel Cleantech Ventures, a venture capital firm launched in 2006. ICV manages more than $200 million in three funds, with more than 25 investments completed. In 2018, the European Investment Fund announced a $20 million investment in an ICV-established fund focused on supporting technologies that increase resource efficiency and enable industrial innovation.
Meanwhile, the Israel Innovation Authority, the Ministry of Environmental Protection, and the Ministry of Economy and Industry have joined forces to launch a new, NIS 14 million sustainable tech innovation lab to accelerate promising startups in the space.
From climate change to resource management to food production, the set of sustainability-related challenges facing the globe is formidable – but Israeli high-tech is rising to the occasion.