A new article published on Israel21C highlights the resilience demonstrated by the strong Israeli presence at recent global events in the U.S., including NY Climate Week in September 2024.
Despite the challenging political and economic climate, Israeli attendees emphasized the long-term prospects of the Startup Nation.
Thank you, ISRAEL21c — Good News From Israel, for interviewing Shmuel Kedmi, our CEO, for this piece and helping us share our vision for the Israeli tech ecosystem.
“The past 24 months have been exceptionally challenging for the Israeli tech ecosystem, firstly due to political unrest and then followed by the outbreak of the October 7 multi-front war. However, we’ve been inspired by the resilience and ingenuity of Israeli society and economy.
As we approach a potential resolution to the war, we believe the Israeli economy, and more particularly the tech ecosystem, will likely see a rapid surge in investments. We already see a broad interest from potential partners in promising startups with deep-tech solutions that will be investment targets for the big international players.
Kedmi noted that we are witnessing “the emergence of venture capital practices within the defense-tech sector, which is a notable shift from the past.”
He also predicted that dual-use energy tech solutions are likely to attract significant interest, such as off-grid solutions and technologies designed to adapt to extreme climate conditions, as well as addressing climate-related challenges like wildfires.
“The fact that Israeli technologies play a key role in Israel’s successes on the battlefield is expected to significantly boost investor confidence in the quality of Israeli technologies across various sectors, ultimately contributing to the growth of the high-tech sector,” Kedmi told ISRAEL21c.