A delegation from Israel NewTech together with representatives of Israeli cleantech companies recently returned from two fruitful events in the East Coast U.S.: the Landmark Israeli Dealmakers Summit in New York March 4-5, and an evening event in Boston on March 6th at the New England-Israel Business Council.
“The Landmark Summit was a very big and important event,” said Oded Distel, head of Israel NewTech. “Cleantech companies stood out at the event, the reactions were excellent and we’re already working towards the 2015 summit.” The event included a panel moderated by Distel on “Investing in Solutions for a Clean Future.” The panel also included Arik Dayan, CEO of Amiad, Ruzgar Barisik, Senior Investment Officer at the IFC of the World Bank, and Jonathan Pulitzer, Investment Director at GE Ventures.
Danny Moshe, Founder and CEO of GreenVision, which is active in life security and environmental monitoring, found the event very effective. “We came out of the Summit with a reinforced sense that our technologies are in high demand for monitoring and addressing water and air pollution issues. More concretely, we now have a few strong leads both on the investment and cooperation fronts. Oded Distel and Adi Yefet of Israel NewTech did an excellent job for us, and for Israel’s cleantech industry as a whole, at this key event.”
From there the Israel NewTech team continued on to the evening event in Boston on March 6th “Water cluster – What Does it Take? Massachusetts – Israel Cooperate to Build Water Innovation” which included a panel discussion moderated by David Goodtree, Founding Board member, New England Water Innovation Network, and Venture Partner at OurCrowd. We spoke with Goodtree:
“I believe Israel’s water technology can change the world,” said Goodtree. He knows Israel’s water industry well, having led a delegation to Israel – the Massachusetts Water Innovation Mission. He also testified recently in front of the U.S. Congress on the Israel’s water technology. “In Israel water scarcity has been replaced by ‘water smart’, and the world needs Israeli technologies,” concluded Goodtree.
The Boston event created additional opportunities for cooperation, where the ground is already fertile, between Israeli water companies and partners in Massachussetts. Goodtree told us that there is already an impressive list of such partnerships: Mekorot and Xylem, a US$4 billion water equipment company, recently signed a cooperation agreement, IDE’s desalination plant in California is being financed by a Boston investment company, Poseidon Water, to the tune of $1 billion, and Desalitech has received financing from a Massachusetts firm and has chosen to set up its U.S. headquarters in Boston.
The future for Israeli cleantech companies in the U.S. market is ripe with opportunity, and Israel NewTech plans to continue to invest efforts in helping to maximize on these opportunities.