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  4. Episode 3 – GYLP: Green Tech Ecosystem in Israel

Episode 3 – GYLP: Green Tech Ecosystem in Israel

According to the Global Green Economy Index (“CGE”) published in 2016, Israel was ranked fourth among green tech return on investment performance of its startups. The ranking, developed by US-based think-tank Dual Citizen, considers 37 different indicators, including domestic policy framework, to also evaluate other 26 countries. Ahead of Israel was Denmark (#1) followed by Germany and Sweden. 

The GGE was one of the pioneers in compiling evidence recognizing the outperformance of green tech in Israel compared to other highly innovative nations. Paramount to the country’s success, lies supporting governmental policies in R&D via its incubators as well as increased research budget.

Among the leading technologies on the green tech space in Israel is recycled water, which is a key element sustaining the country’s agriculture success, as 70% of wastewater is recycled and used in farming and require efficient cleaning process.  

Leading startups

Some of the leading startups driving the green tech space in Israel are Tal-Y Agriculture Solutions, which has developed technologies to grow more food with less water. Another interesting Israeli startup on this field is HomeBiogas, which created a self-assembled biogas system that turns kitchen waste into usable cooking gas and liquid fertilizer. 

Alongside favorable government policies, venture capital availability is a major element sustaining the Israeli green tech ecosystem remarkable performance. However, that is hardly a surprise. Across sectors, Israel is the second most trusted venture capital ecosystem in the world, just behind the United States. 

According to Yossi Shavit, Director of Bengis Center for Entrepreneurship and Innovation the overall competitive advantage of Israel in innovation is highly linked to the country’s history itself. Upon the settlement of Israel in its current territory in 1948, national security became a priority, and innovation, which is highly linked to sustaining outperformance and growth of a country, was placed at the core of the country’s developmental strategies. Naturally, the need to optimize the use of available resources constrained on a small territory turned out to be a priority, setting the perfect context in which green tech could thrive.   

Follow the next episodes of the students’ journey on SKEMA Ventures’ blog.
If you have any question regarding this topic or any topic related to entrepreneurship and to SKEMA Ventures’ core activities, feel free to comment or to contact us directly.

Written by: Pedro Lopes Peixoto/Pauline Petitcolin

SKEMA Ventures

SKEMA Ventures is a business unit created by SKEMA Business School dedicated to impact entrepreneurship and innovation. Through a unique value chain, that encompasses teaching, coaching, incubation, and acceleration, SKEMA Ventures allows each SKEMA student and alumni to think, design, test and launch an impactful entrepreneurial project in a global context, on six innovative territories on four continents, benefiting from the best of each local ecosystem. With SKEMA Ventures, GloCal impact entrepreneurship is born! Watch this video to know more

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