Category: News from Israel

In 2024, Israel saw 20 business deals valued at over $200M each (excluding IPOs), doubling the 10 deals completed in 2023. These deals primarily involved the acquisition or merger of Israeli companies by global organizations, reflecting strong demand for Israel’s innovation and expertise. This marks a significant rebound compared to nine deals in 2022 and 21 in 2021. The companies involved represented a variety of industries, including artificial intelligence (AI), software solutions for businesses, and advancements in healthcare and life sciences.

Along with leading healthcare investors and ecosystem leaders, I was delighted to be invited to participate as a Mentor at Sheba SPARC’s IV cohort. This global entrepreneurship program is designed to provide Sheba and global medical professionals, physicians, and clinicians with business and entrepreneurial tools to enable their innovation to succeed commercially. I was proud to provide an overview of Michigan’s HealthTech ecosystem and then deliver initial business feedback as a mentor to five entrepreneurial ideas, some patented, initiated by:

The head of Oral and Maxillofacial Surgery Institute and the Director of Sheba’s tissue bank
A cardiologist
An ophthalmologist
A radiologist
A neuro-immunologist
It was an inspiring experience to help shape solutions that have the potential to transform global healthcare.

The MIBA Israel team was thrilled to attend the EcoMotion Ecosystem Gathering, an inspiring innovation and networking event that brought together top innovators, industry leaders, startups, tech companies, and investors to explore the future of mobility. Read more about the groundbreaking Mobility Challenge Map unveiled at the event, which highlights key forces shaping the industry and fosters collaboration to address critical challenges.
The expo—one of the largest annual gatherings of fruit and vegetable growers and farm marketers in North America—had more than 5,000 attendees, 60% of whom work as fruit and vegetable farmers.

The Israeli companies Agam Greenhouse Energy Systems, CropX, NESS Fertigation, Robotic Perception and TierraSpec were invited to present their products and developments at the expo’s “Innovation Row,” per a release from the Consulate General of Israel to the Midwest.

I was honored to attend the intimate Demo Day of ProTechT, a collaborative initiative led by Tech7, SouthUp, and Hamitbah – The Technological Center for Security and Resilience in the Western Negev. ProTechT is dedicated to advancing homeland security innovation in the south of Israel, empowering a select group of startups with the tools and guidance they need to create technologies that safeguard the future of Israel and the world.

With defense contributing over $30B annually to Michigan’s economy, I was honored to participate in two pivotal defense tech innovation events in Israel. In addition to gaining valuable insights into the technologies transforming global warfare, these events provided me the opportunity to raise awareness among key opinion leaders in the military, industry, venture capital, consulting firms, and startups about why Michigan is a prime destination for defense innovation.

The MIBA Israel team continued on its quest to uncover promising startups whose innovations are impacting the world. This month, we visited a ‘street’ innovation center. MTech opened its doors just a month before October 7th. In a most impressive way, the innovation center itself moved at entrepreneurial speed to establish a modern and welcoming base for entrepreneurs living in Ashkelon