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Israel showcases tech firms at Delhi innovation summit

The Israeli companies came looking for partners in India, right from investors and IT vendors to manufacturing collaborations.

twitter-logoGoutam Das | November 12, 2013 | Updated 19:01 IST
Israel showcases tech firms at Delhi summit
(Photo for representational purpose only)

Israel, which has 4000 start-ups - the highest number of start-ups per capita than any other country - showcased seven of its innovative companies at The Global Innovation and Technology Alliance (GITA) Platform in New Delhi on Tuesday.

GITA, incorporated as a private limited company in November 2011 and promoted jointly by industry lobby CII and Technology Development Board (TDB) of the Department of Science & Technology, Government of India, has a mandate to strengthen India's innovation ecosystem.

Tuesday's forum aimed to forge international business alliances in science and technology.

The Israeli companies came looking for partners in India, right from investors and IT vendors to manufacturing collaborations. For instance, Enstorage, a start-up, has developed an innovative energy storage solution and is now scouting India for component manufacturers. Noa Systems has just seven employees but three products and is looking for an IT vendor. The company uses psychology-based models in its dating site, in its education product that helps one choose a vocational course better and in another product where its software can match resumes to job openings, shortening a company's time to hire.

Other Israeli companies who made a pitch included Dr Ten, a company into applied physical chemistry, Aqwise, which specialises in water and waste treatment, ESC BAZ that makes surveillance systems, Galam Group, which manufactures value-added food ingredients and Parasight, a medical device company.

There are not many Indian companies in Israel - the GITA forum was ripe with talk of more collaboration with the start-up nation. That could lead to many success stories in both these countries.

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