ISRAELI TECH EMPOWERED BY NEW SPACE

The space Tech industry in Israel is witnessing substantial growth, with $314 million in investments in 2023, as reported in the recent startup mapping conducted by Earth & Beyond Ventures and Deloitte Israel. This surge in investment reflects a growing recognition of the immense potential and value within the space-tech industry.

The global space industry is undergoing a significant transformation, transitioning from 'Traditional Space' to 'New Space.' This evolution is driven by various trends that are lowering the entry barriers and making the space industry more accessible for a broad range of players, from tech giants to new startups.  This is opening new business opportunities for startups and tech companies. Israel, with its strong and innovative startup ecosystem, is well-positioned to capitalize on these changes and make significant contributions to the New Space era.

The mapping by Earth & Beyond Ventures (EBV) and Deloitte Israel, provides an in-depth analysis of 105 Israeli startups, showcasing their contributions across various Space and conventional Earth tech sectors. These startups are bridging the gap between space tech and practical applications on Earth and also uncover the untapped potential of numerous Israeli startups that could revolutionize the industry.

In the mapping, the startups are categorized into eight key space sectors, each addressing an aspect of space application. These sectors include Space Infrastructure (physical and technological systems or components necessary to support space exploration, research, and commercial activities), Communications & Navigation (technologies in satellites and spacecraft for data transmission, signals, location determination, and movement guidance), and Earth Observation (using remote sensors to collect and analyze Earth's data for scientific, environmental, and commercial purposes).

In addition to categorizing startups into various space sectors, the map also highlights each startup's main Earth (meaning conventional) industry. This mapping reveals that these startups operate across 12 diverse industries, including Climate Tech, Agri Tech, and Smart Mobility. This dual application on both Space and Earth industries reflects the versatility and wide-ranging impact of the Israeli space-tech sector, illustrating how these innovative startups are bridging the gap between space technology and practical applications on earth. The "Dual Application" concept in Israeli startups, involves developing technologies that cater to Earth-based industries often using space-related technology and data. This approach, showcases the adaptability and innovative capabilities of Israeli startups, which are adept at creating a diverse range of foundational technology components, demonstrating their potential in both terrestrial and space applications. This versatility points to significant untapped potential amongst these startups, setting them apart in the tech industry.

Deloitte Catalyst:

Amit Harel
Partner
Deloitte Catalyst Tel-Aviv Leader
Deloitte Israel
aharel@deloitte.co.il

Idan Adler
Head of R&D and Innovation Center
Deloitte Israel
iadler@deloitte.co.il

Earth & Beyond Ventures:

Doron Zauer
General Partner
Earth & Beyond
Ventures
doronZ@earthandbeyond.ventures

Noga Yaari
VP Ecosystem
Earth & Beyond
Ventures
noga@earthandbeyond.ventures