Despite eight months of war, Israel’s agrifood tech sector is thriving with a community of 400 companies and private funding surging to nearly $100 million in the first quarter of 2024.
“The war has certainly posed challenges, particularly in terms of on-site testing and international investments,” Alon Turkaspa, the AgriFood Tech and Climate Tech Sector Lead at Startup Nation Central, told The Press Service of Israel. Startup Nation Central is a Tel Aviv-based non-profit that promotes Israeli startups and innovation.
“However, the community’s response has been incredibly supportive. Companies from the north of Israel have relocated to the center, working together to ensure business continuity,” Turkaspa said.
Despite the challenges, the war has underscored the importance of food security, driving Israeli agrifood tech companies to develop innovative solutions contributing to long-term food resilience. Technologies like precision agriculture, alternative proteins, and sustainable farming practices are at the forefront of these efforts.