Israeli Water Technology Exports Surge Past $1Billion

Written by: Aaron Katsman | March 23, 2009

Now the numbers confirm what we all know; that Israel is truly a global leader in water technology. According  to a Globes article: “The Israel Export and International Cooperation Institute reports that water technology exports totaled $1.4 billion in 2008 - double the 2005 amount. The global water market is worth $400 billion annually and is expected to rise to $537 billion next year.”

The article continues “The areas of activity in which these companies are involved are: water management systems; safety and security for water sources; irrigation management systems; desalination; water recycling and purification; and others. Israel is ranked first in the world in recycling water for agriculture. 75% of sewage is recycled for agriculture with Spain, ranked second in the world, recycling 12% of its sewage for agriculture.”

Now if only the country could take of its’ own water shortage!

 

Top Israeli startups faceoff at Seedcamp Israel tomorrow

Written by: Israel Investor Newsletter | January 28, 2009

In spite of the war against Hamas, an increasingly fragile economy and a sever water shortage, Israeli entrepreneurs are continuing to innovate (hey, it’s not a bug, it’s a feature).   VC Cafe has done a short writeup on each of the 20 19 companies presenting.  You should check out his post and his blog here.

I have a couple of favorites:

  • Free Way - aiming to connect existing navigation services and applications into one big shared network. Using that connection, Free Way plans to offer device agnostic, accurate traffic condition & social localized information in real time. Big idea in early stage. Founded in 2009.
  • Qoof - brings video to the eCommerce world by producing online videos on products, inserting sales information into videos and promoting them through a distributed, multi-channel, targeted and personalized video commerce network. Qoof is one of the more experienced start ups on this list, and is already working with 500 retailers.

Check out the rest of the list here.  Let us know if you’re attending and what you’re take on the event by emailing us at zack@israelnewsletter.com

 

Israel Faces Driest January in History

Written by: Aaron Katsman | January 26, 2009

Go figure. The Israeli government’s emergency plan to tackle the water shortage has failed. When will people learn that the government can’t solve our problems. Anyway with the driest January on record, Israel is in desperate need of about 100 million cubic meters of water for 2009.

According to a report in Globes:” Shani added that the Water Authority’s emergency plan, designed to rescue the water economy from its difficult crisis, was being implemented, but that it was inadequate. “We are currently working on a further emergency plan, in partnership with other government ministries, to cope with the worsening drought,” he said.”

Once again I am baffled as to how a country that leads the world in water technology and exports it to countries in need, can’t deal with its’ own water problems.

Aside from implementing technology and preaching conservation, I think that the only real solution will be through prayer. We basically need everyone to pray for rain in the holy land.

 

Private Investors Wanted For New Desalination Plant

Written by: Aaron Katsman | January 25, 2009

Looking to invest in the up and coming field of water technology? Have a couple hundred million dollars available? For those looking at investing in this field Israel should be your destination. The Israeli water company Mekorot has a subsidiary that is  offering private investors an option for a 40% stake in the planned  $625 billion project due to be completed in 2012.

According to Globes: “The company is due to build the 100-million cubic meter a year desalination facility at Ashdod by 2012. It will be Israel’s fifth seawater desalination plant on the Mediterranean coast. The project was originally conceived as a turn key project between Mekorot Enterprises and a contractor who would build the plant for NIS 1.5 billion. However, at the conference, Mekeorot Enterprises CEO Giora Gutman said that the company might offer a partnership of up to 40% of the franchise for the sale of water to the state and in the operation of the plant.”

With Israel facing another year of drought, the plant coming online as soon as possible will be very helpful, to help combat the Israeli water shortage.