Ashdod Port Investing In Startups As Part Of Innovation Strategy

The tech incubator operated by Ashdod Port is investing $2 million in three startups as part of its strategy to foster innovation at the site. 

The sum was approved by the port’s board of directors as part of its Corporate Venture Capital (CVC) investment fund, subject to the approval of the Government Companies Authority. 

Since its establishment in 2021, the incubator has supported more than 90 startups in various fields, including operations, logistics, cyber and safety. 

The three startups were selected following a pilot program lasting an average of six months, during which the technologies being developed were tested in close cooperation with the port’s staff. 

The three startups are:

Makalu Optics, which develops groundbreaking LiDAR technology for various applications  

Treedis, which develops an advanced digitally compatible solution based on virtual and augmented reality  

Flyz Robotics, which developed an autonomous system for miniature drone robots with unique capabilities  

“The Ashdod Port Company views investments in technology companies as a strategic move, which will help us meet both the challenges of the current period of time and the global challenges faced by ports all over the world and, in parallel, optimize our competitive ability,” said Shaul Schneider, the chairman Ashdod Port Board of Directors. 

“We are confident that this investment will yield optimal results for the Port of Ashdod, for the Israeli economy, as well as for the international port industry.”