The UAE and Israel Form a Joint Task Force to Leverage Innovation Between the Two Nations

https://thefintechtimes.com/the-uae-and-israel-form-a-joint-task-force-to-leverage-innovation-between-the-two-nations/
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A newly-formed partnership between the UAE and Israel seeks to promote innovation, collaboration, and entrepreneurship between the two nations; bringing together ideas, expertise, and tech ecosystems for the benefit of both parties.

The first UAE Ambassador to Israel, His Excellency, Ambassador Mohamed al Khaja, recently visited Start-Up Nation Central Headquarters in Tel Aviv to launch an official partnership to further advance the collaboration focused on innovation and entrepreneurship between the two nations. The UAE and Israel were both identified as premier tier one fintech hubs in the latest and first MEA report published by The Fintech Times. The plan of this latest partnership is to create a joint task force aimed at bringing people together, sharing ideas, and generating economic value for both countries.

The Ambassador and Prof. Eugene Kandel, CEO of Start-Up Nation Central, discussed areas of collaboration, including joint events, conferences, as well as ongoing meetings and programmes to help both sides learn about each other’s tech ecosystems. The teams from the embassy and Start-Up Nation Central also discussed ways of connecting Emirati and Israeli companies and entrepreneurs, especially in the fields of fintech, agri-food tech, education, cyber, education, digital health, energy, petrochimicals, cleantech, and sustainability.

The parties agreed to leverage the UAE-IL Tech Zone community as a part of the new relationship. Launched in December 2020, the UAE-IL Tech Zone is an innovation community designed to enable practical collaboration between the two ecosystems. With already over 1,000 members, the UAE-IL Tech Zone invites entrepreneurs, senior business executives, government officials, and technology companies to join this community and cultivate the talent and resources shared by the UAE and Israel.

“In terms of tech cooperation there is an avenue of opportunities between the UAE and Israel just waiting to be harnessed,” His Excellency, Ambassador Mohamed al Khaja noted. “We are here to identify what sectors can prosper in the field of technological innovation and bridge together key partnerships that will thrive in the world market with contagious success.”

“Israel’s tech innovation ecosystem coupled with the future forward drive of the UAE government, are essential elements to accelerating the success of incubators through the formation of international partnerships,” he continues.

Prof. Eugene Kandel, CEO, Start-Up Nation CentralProf. Eugene Kandel, CEO, Start-Up Nation Central
Prof. Eugene Kandel, CEO, Start-Up Nation Central

Prof. Eugene Kandel, CEO of Start-Up Nation Central said: “We had the pleasure and honor to host His Excellency, Ambassador Mohamed al Khaja and his team at our offices. We are proud to partner with the Ambassador and the UAE government to help advance the collaboration between our two countries. Start-Up Nation Central is an objective gateway to the Israeli innovation tech ecosystem, and we are excited to play a major role in taking advantage of the historic opportunity presented by the Abraham Accords to connect UAE and Israel around technological innovation and create an immense value.”

Established in 2013, Start-Up Nation Central is a non-profit organisation that helps tackle global challenges by connecting Israeli technological solutions with multinational corporations, governments, investors, and NGOs from around the world.

Start-Up Nation Central’s flagship tool is the Finder – a free online platform for identifying and engaging Israeli tech organisations based on customers’ specific interests. This Innovation Discovery Platform is a comprehensive knowledge hub on Israeli startups, investors, acceleration hubs, multinational corporations, and technology-based innovation associated with academic research. The open-source platform provides up-to-date information and insights into thousands of active Israeli tech companies.

  • Tyler is a Fintech Junior Journalist with specific interests in Online Banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

https://thefintechtimes.com/the-uae-and-israel-form-a-joint-task-force-to-leverage-innovation-between-the-two-nations/