8 The optimism is felt too in Germany Transactions well under way development intensive within the meaning of Israeli legislation. However, foodtech, agro-tech and e-health are also a big part of Israel’s innovation ecosystem, which is why investments from German investors will surely also be made in this sectors.” “There are several start-up hubs which have been established to bring together German and Israeli institutions,” adds Dr. Nina Cohen of FPS. She continues: “One recent example is the innovation hub created by the German Israeli Business Association. The Israeli Trade Missions, the German Israeli Chamber of Commerce, organizations like ELNET and many more are also very active in bringing Israeli and German know how together. As a law firm we support our German clients getting access to Israeli innovation and Israeli start-ups in expanding their presence in Germany. While the objectives of the innovation hubs vary, generally they are focused on bringing Israeli innovation together with industry-leading German family owned or mid-market companies (the “Mittelstand”). The German companies benefit from Israeli innovation and cutting-edge technologies. In return, Israeli start-ups receive a foothold in the German market and easy access to the broader European market.” “Successful joint innovation has been achieved in areas as diverse as urban development, mobility, infrastructure, IT, data protection and food tech. Based on the success we have observed to-date, we expect continued growth in the number and size of joint hubs.” In December 2023, Israel announced a cooperation agreement for 2024 with Germany to promote energy and cyber projects. Signed during the COP28 conference in Dubai, the pact highlighted joint efforts to advance energy efficiency, security, and renewable infrastructure expansion, with particular emphasis on electric vehicles and hydrogen technology. The cybersecurity aspect of the agreement involved knowledge sharing and collaborative efforts in establishing a joint situation room, marking a concerted effort to strengthen
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