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Israel’s Zooz Power wins New York-Israel Smart Energy Innovation Challenge, Free trade with Guatemala, UAE’s largest business delegation to Israel, and much more!
By Michael Ordman
ECONOMY & BUSINESS
NY State awards $1 million to Zooz
Israel’s Zooz Power (see here previously) has won the New York-Israel Smart Energy Innovation Challenge. Zooz will use the $1 million prize to help New York integrate fast-charging battery capabilities and eventually phase out gas-powered vehicles.
https://www.timesofisrael.com/new-york-governor-announces-trip-to-israel-funding-for-israeli-startup/
https://www.algemeiner.com/2022/09/13/nys-hochul-announces-million-dollar-prize-for-israeli-ev-power-start-up-announces-trip-to-israel/
https://www.israelnationalnews.com/news/359701
Free trade with Guatemala
Israel and Guatemala have signed a free trade deal, which includes industrial, food, and agricultural goods. Bi-lateral trade rose 11% to $40 million in 2021. Guatemala’s foreign minister said his country’s economy only improved after moving its embassy to Jerusalem.
https://www.israelhayom.com/2022/09/11/watch-guatemalan-foreign-minister-sings-hatikvah/
UAE’s largest business delegation to Israel
Delegates at the Tel Aviv conference for UAE-Israel trade expressed their amazement at how far trade relations had come in the two years since the signing of the Abraham Accords. There are now 72 weekly flights between the two countries.
https://www.timesofisrael.com/just-scratched-the-surface-israel-uae-celebrate-growing-ties-and-trade/
400 Israeli startups in NYC
As the Covid-19 pandemic crisis recedes, a huge number of Israeli startups have fulfilled their plans to expand to New York City. The interactive platform Israeli Mapped in NY now lists 400 Israeli startups operating in the Big Apple. See also details of the conference Mind the Tech NY (14-15 Sep).
https://www.jns.org/despite-the-us-economic-slump-israeli-startups-blossom-in-the-big-apple/
https://newmedia.calcalist.co.il/conferences/2022/ny/index.html
https://www.israelimappedinny.com/
Shop-and-go in Tel Aviv
Israel is finally getting its first grab-and-go, checkout-free grocery store at Israel’s Shufersal on Mendele Street in Tel Aviv, using technology from Israel’s Trigo (see here previously). Trigo’s systems are already powering stores in the UK, US, Germany, and the Netherlands.
https://www.timesofisrael.com/shufersal-opens-israels-first-shop-and-go-grocery-store-in-tel-aviv/
Tel Aviv to ban noisy polluting planes
The Israel Airports Authority said it will aim to reduce noise and air pollution at Ben Gurion Airport by banning 4-engine civilian aircraft, including Boeing 747s and other jumbo jets, starting next year. It will only affect cargo planes, as no 4-engine passenger planes fly to Israel.
https://www.timesofisrael.com/israel-banning-jumbo-jets-from-ben-gurion-airport-to-cut-noise-pollution/
Another AI virtual sales assistant
Israel’s Winn.AI offers a real-time AI assistant that unobtrusively monitors sales calls and captures key data so salespeople don’t need to take notes or manually update the system. (See also Israel’s Exceed.ai)
https://www.calcalistech.com/ctechnews/article/hkopcugws
Investment in Israeli startups to 18/9/22:
Kape Technologies raised $220 million; Zesty raised $75 million; CYREBRO raised $40 million; Dig Security raised $34 million; Joonko raised $25 million; Groundcover raised $20 million; Ownera raised $20 million; Sightfull raised $18 million; Winn.AI raised $17 million; Opus Security raised $10 million; Xtype raised $5.8 million; VineSight raised $4 million
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