The British Embassy in Tel Aviv will tomorrow open a High-Tech Hub for Israeli companies. The venture's objective is to promote UK economic growth by creating lasting partnerships between the UK and Israel in high tech.
British Ambassador Matthew Gould initiated the idea. "Britain is a natural partner for Israel in high tech. Israel is a phenomenal source of innovation with more start-ups per capita than anywhere else in the world. Given Israel's small size, all Israeli companies need foreign partners - for capital, business and product development, and access to global markets. We are close; and we offer access to markets across the world. We have one of the biggest capital markets in the world; world-class professional services; globally significant customers; four out of the world's top ten universities; and complementary strengths in high-tech. It is obvious to me that we can work together to achieve great things. Britain can help Israeli innovation go global."
The Hub will have a staff of six, including director Carmel Gerber and experts in the field of digital, cleantech, biotech and the Arab Israeli high-tech community.
The next step will be the establishment of a UK-Israel High-Tech Council to bring together the key figures in tech on both sides, as well as some of the most impressive start-ups and investors. The British co-chair of the Council will be Minister of State for Universities and Science David Willetts, who will arrive in Israel on Saturday with a high-level delegation of a over dozen representatives from Britain’s digital sector.
Published by Globes [online], Israel business news - www.globes-online.com - on October 26, 2011
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