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Israel to invest 40m shekels in technologies of the future

This after the government invested 115 million shekels in quantum computing research.

Image: Tara Winstead/Pexels.
Image: Tara Winstead/Pexels.

The Israel Innovation Authority is investing an additional 40 million shekels (approximately $10.8 million) to advance “disruptive, future technologies” in the Jewish state, the authority announced on Thursday.

The 40 million shekels come on top of the 115 million that the state agency invested in quantum computing research earlier this year.

The program has been developed in conjunction with various government ministries and organizations, including the Ministry of Transport and Road Safety, the Ministry of Health and the Israeli Police. It will focus on initiatives in three categories: delivery services, healthcare technology, and school and campus security.

The Israel Innovation Authority named same-day delivery by walking robots, 3D-printed organs for donation, and state-of-the-art school security to protect children against violent incidents as examples of the technological advancements it seeks to facilitate.

“We are focusing on areas that we believe have tremendous growth potential, and in which Israeli technology companies have a relative advantage as well as the possibility of leading innovative products’ development that will change the world,” explained Dror Bin, CEO of the Israel Innovation Authority.

“The program is designed to propel the Israeli technological leadership in the selected sectors,” Bin said.

As part of the program, the Israel Innovation Authority will collaborate with regulatory entities to develop “adaptable and enabling” regulatory conditions, with the ultimate goal of accelerating the breakthrough of Israeli technology into the global market.

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