19 Remote working demanding new tech Growing interest for clean energy and climate-tech Preis adds: “In the future, I expect to see focus on technology that supports the shift to hybrid work model (for example, facilitating remote on the job training). As DLA’s Jeremy Lustman adds: “Tech investment generally is still moving at a strong pace; some specific areas that seem to be on an upswing are HR-tech, which makes sense to me given the dramatic overhaul of the workforce in the wake of Covid.” Dr. Kfir Luzzatto agrees: “Several fields are hot right now, particularly in food-tech and ag-tech, and we would also expect to see a growth in femtech, (technology supporting women’s health), climate-tech and other environmental technologies.” “The general public and governments in the Western world are increasingly motivated to support clean energy and sustainability tech initiatives, and the private investment world is picking this up,” adds David Roness, Corporate partner at Yigal Arnon Tadmor Levy. Israel is indeed home to more than 500 companies that deal with clean technology and specialize in sustainable agricultural technologies, clean energy concepts and electric vehicles. Israeli climate-tech companies raised USD 2.2 billion in 2021, 57% higher than the previous 2020 record, according to a comprehensive report, “Israel’s State of Climate Tech 2021 by the Israel Innovation Authority and non-profit PLANETech. Israeli exports of goods and services are projected to reach a record high of USD 165 billion in 2022, up 15% from 2021’s USD 143 billion in exports, itself a record, according to a July 2022 report by the Ministry of Economy and Industry - and technology lies at the heart of this. Israel’s tech firms saw exits jump an astonishing 520 percent in 2021 to an unprecedented USD 81.2 billion in value, shattering all previous funding records, according to an annual report by consultants PwC Israel. Although 2022 is experiencing rising inflation, interest rates and economic uncertainty for all, the Israeli experience is that if the technology is unique, the team exceptional, and the solution helps to address a real-world problem, the sky remains the limit.
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