The Israel Innovation Authority is sending a delegation of 11 IoT (Internet of Things) companies to Japan, from July 3-6 2016. The delegation of Israeli companies, representing a wide spectrum of IoT applications, including security, home automation, wearables and more will visit Osaka and Tokyo.
Head of the Israel Innovation Authority, Avi Hasson, said: “The field of IoT is one of the most coveted sectors in the global startup industry, expected to comprise of 20-30 billion devices by 2020, and Israel is a country with global influence in this field. With 5% of all Israeli startups specializing in IoT (as of 2015), it is only natural to cooperate with Japan, a technological powerhouse in IoT.”
The Internet of Things is undoubtedly one of the hottest fields in the global technology industry. A network of physical objects (“things”), improved with electronics, software and sensors that enable objects to communicate and exchange or collect information, it is expected to lead to automation in many fields. The Internet of Things includes also the “smart home” and “smart city” and a vast array of appliances and instruments.
As a country with global leadership in this field, Israel is sending a delegation of 11 IoT companies to a roadshow in Tokyo and Osaka between July 3rd and July 6th 2016. The delegation will represent a wide spectrum of IoT companies including: wearables, security, smart grid, home automation and more. Among the companies in the delegation are: IQP, that developed a novel platform to minimize the costs and schedules of developing IoT applications; AllBe1, that developed a small device with many uses such as an emergency button, a movement sensor, a temperature sensor and more; and HeraMED, that offers technology allowing an expectant mother to monitor the health of her fetus with her smart phone. The delegation is coordinated by Noa Asher, Head of Economic Mission in Tokyo, Japan part of the Foreign Trade Administration at Israel’s Ministry of Economy.
As part of the roadshow, senior government officials from Israel and Japan will participate – Chairman of the Israel Innovation Authority Avi Hasson and CEO of the Industrial Science and Technology Policy and Environment Bureau [METI] Mr. Hiroyuki Sumatso. The Israeli companies will present their developments to Japanese companies and investors who are interested in the technology and will hold rounds of business-technology meetings scheduled in advance (some 200 B2B meetings are planned for all members of the delegation). Among the Japanese companies that will meet members of the Israeli delegation are representatives of Fujitsu, NEC and Hitachi.
A recent study by Innovation Endeavors suggests that as of 2015 there are 330 IoT startups in Israel (one in 20 for all startups in Israel), from seed stages to companies that have already shown revenue and growth.