The UK Israel Tech Hub, a British Embassy initiative to promote technical partnerships between the two countries, has announced that it will shortly be accepting applications for Israeli startups that offer futuristic city and infrastructure solutions to participate in the TeXchange 2018 flagship program – Smart Cities in November.
The program, managed by the Hub since 2013, aims to "open up the UK market to Israeli Smart City-focused solutions for energy, telecom and transport," according to a statement from the UK's technical hub.
The program accepts a maximum of 15 Israeli startups operating in the area of ride services, cyber security, fleet management, connected cars and more.
"TeXchange is a unique opportunity for Israeli companies to meet key decision-makers in the UK's largest companies and to discuss how Israeli technology can shape the future of smart cities," said Ayelet Mavor, director of the British Israel Tech Hub. -director.
"This is the 5th time that we bring the brightest companies in Israel together with the largest companies in Britain into our flagship program, TeXchange," she said. More than 70 Israeli startups participated in the TeXchange program, which resulted in more than 20 signed business partnerships between UK and Israel.
The Israeli transport technology companies Valerann, Siklu and Optibus are already active in the United Kingdom.
According to the British corporate, energy and industrial strategy department, the UK is in the middle of a national effort to improve its urban services. The UK Industrial Strategy initiative aims to put the UK at the forefront of the industries of the future, so that the UK benefits from major global changes.
A June report from the UK Israel Tech Hub said that technological partnerships between the UK and Israel led to 175 technical partnerships in deals worth £ 85 million ($ 113 million). It said that these partnerships could potentially boost the British economy by as much as £ 800 million ($ 1.1 billion).