The Israeli high-tech industry has been experiencing a rapid growth spurt since the beginning of 2020 – despite the pandemic. In 2021 alone, over 25 billion US dollars in investment capital flowed into Israeli companies and 33 new so-called unicorns were created, start-ups valued at more than one billion US dollars. An impressive number for a country with just 9 million inhabitants.
Many innovative Israeli high-tech start-ups used the investments to drive their expansion on the European market. Germany remains one of the most important target markets and Bavaria, in particular, has been able to position itself as an attractive B2B location. In 2021, there were new collaborations between companies from Israel and Bavaria in a wide variety of sectors, with the type of partnerships also being diverse. Israeli companies are often looking for new customers, and at the same time the Bavarian economy is interested in new innovations from Israel. Or Israeli partners want to use the production expertise in Bavaria to launch their products on the market faster. This creates synergies, especially between Israeli start-ups and large Bavarian corporations.
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