Category: News from Israel

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

The MIBA Israel Team’s visit to Tech7 in Beersheba highlighted southern Israel’s innovation hubs and opportunities for collaboration with Michigan. Tech7 fosters entrepreneurship in AgTech, HealthTech, and defense, supported by partners like Nvidia and the Israel Innovation Authority.

Oracle CEO Safra Catz expressed her support for Israel during her visit, highlighting the country’s resilience, innovation, and growing global importance. She emphasized that Israel is stronger than ever and poised to receive significant investments.

The Startup Nation MNC Summit highlighted Israel as a hub for over 430 multinational companies in R&D and innovation. Leaders from major global firms discussed how innovation fuels economic growth.

Israeli startups raised $7.22 billion in the first nine months of 2024, IVC-LeumiTech reports in its quarterly survey.