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Innovation exchange with Israel

©NRW.International

©NRW.International

A Bertelsmann study shows how German companies and Israeli start-ups can benefit from each other.

Nowhere else are there more start-ups: With more than 6,000 companies, Israel has the highest density of start-ups per capita in the world. Germany, and in particular North Rhine-Westphalia, has a strong SME sector. How can the two nations benefit from each other? What opportunities does an innovation exchange offer? The Bertelsmann study "German and Israeli Innovation – The Best of Two Worlds" addresses this question and shows that, with the right networking, both countries can make the best use of existing potential.

"The German SME sector and Israeli start-ups need places for mutual networking. Digital and analog platforms must have the goal of providing information not only on a short-term basis, but also of initiating long-term cooperation and joint projects between German small and medium-sized businesses and Israeli start-ups," explains Dr. Markus Gick, innovation expert at the Bertelsmann Stiftung. According to the study, such collaborations are indispensable for mastering the challenges of globalization and digitization. The experts see German-Israeli exchange potential above all in Industry 4.0, the Internet of Things, artificial intelligence and cyber.

In Germany, NRW with its more than 713,000 SMEs offers fertile ground for the ideas, products and concepts of Israeli start-ups in their expansion strategy. Mobileye, OrCam, Optibus and Kornit Digital are just a few of the more than 120 Israeli start-ups / companies that already benefit in NRW from cooperation, exchange and innovative ideas on both sides.

The foreign trade promotion agency NRW has issued invitations to participate in the trade mission "NRW goes Innovation: Israel". From 17 to 21 May 2020, participants can make direct contacts locally and learn all about smart mobility in Israel.

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