"Israeli climate-tech entrepreneurs will build next generation of unicorns"
Some 9% of startups founded in Israel in 2020 operate in the climate tech sector, and the country is rapidly becoming a world leader in cultured meat, irrigation systems, precision agriculture, and water desalination technologies, says IIA and PLANETech report
Omer Kabir | 17:05 21.10.2021
After conquering the cybersecurity sector, is the Israeli high tech industry on its way to becoming a world leader in climate technologies? A report published by the Israel Innovation Authority and the PLANETech community on Thursday illustrated the progress being made by the Israeli climate tech ecosystem, identifying a clear trend of rising investments, finding that 9% of startups founded in 2020 operate in the climate tech sector. “The report we compiled positions Israel as a global leader in climate tech and throws a spotlight on the areas that have unique potential in Israel,” PLANETech CEO Uriel Klar said. “Israeli entrepreneurs will develop climate solutions and technologies, will build a new generation of unicorns in Israel, and will help cope with the biggest challenge to humanity. The vision of PLANETech and its partners is to transform Israel into a global center for climate technologies that helps reduce greenhouse gas emissions in Israel and around the world.”