CivicLabs, a joint initiative by the Israeli government and private industry to help the high-tech industry in the north, has launched a new program designed to promote startups in the Built Environment (human-created spaces) sector.
The initiative was devised by Baran Group, Israel’s largest engineering company, and the program focuses on early-stage startups in the sector that have demonstrated both technological and business feasibility.
Forty percent of the startups participating in the program are from the north of Israel, where swathes of the area have been devastated by rocket fire from the Hezbollah terrorist group in Lebanon since the day after the massive terror attack by Hamas in the south last October.
Over a period of six to eight months, the program will offer professional guidance, access to funding and investment opportunities, support for technological and business development, access to R&D infrastructure, pilot opportunities with potential customers and networking with global investors specializing in the Built Environment.
The five startups selected for the program so far last week presented their ventures at an event held at Meta’s offices, attended by Alon Stopel, the chairman of the Israel Innovation Authority and chief scientist at the Ministry of Innovation, Science and Technology, along with investors, potential partners and leading industry experts.
“Our vision is not only to provide technological and business support but also to establish a comprehensive connection to the entire ecosystem in the north,” said CivicLabs CEO Yogev Katzir.
“This is crucial during normal times and even more so now. We believe that in this challenging period, breakthrough solutions can emerge that will transform the industry and revitalize the economy in the north. Our goal is to position Israel, particularly the north, as a leading technology hub in the Built Environment sector, thereby developing innovative technologies and strengthening the local economy,” he said.
“The North needs support now more than ever, and at this moment, we are proud to spearhead a significant change in the industry,” said Baran Israel CEO Zohar Nevo.
“The Startup Nation, which has already demonstrated its leadership in various technological fields, is taking another step toward fostering innovation in the Built Environment sectors, which are essential for the ecosystem, independence, and resilience of the Israeli economy, now more than ever.”
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