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Michigan Israel Business Accelerator February 2023 Monthly Newsletter

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MIBA Newsletter, Looking Back at February 2023

February has been a busy, but exciting, month for the MIBA!  Not only have we seen a couple of innovative Israeli companies locate or expand their teams in Michigan, but we are also thrilled to be back in Israel for our first delegation of the year. We are proud to host Michigan Health Tech leaders – from both the public and private sectors –  for a week of educational and cultural experiences. Both the delegate list and the itinerary are very strong, and no doubt will result in connections between Israel and Michigan that will lead to better health outcomes and impactful business opportunities.  We can’t wait to share the results of this delegation with you.  The news here in Michigan is just as exciting as Israeli firms continue to find Michigan to be a good place for their business. GuardKnox, which develops firmware and software components for the automotive sector, has officially established its US entity in Michigan and has expanded its engineering team. Civan Lasers has hired a Michigan-based Head of US Operations and is looking to expand its team this year.  We continue to make progress on our new initiative that we will share with you in the coming weeks. This project will give Michigan an important new tool as we look to bring Israeli innovation to the area.  Stay tuned! Your Partner in INNOVATION, The MIBA 

Israeli Advanced Manufacturing Innovator Visits Detroit Area

Three senior employees from SkillReal, an Israeli startup looking to disrupt the way quality inspections are taking place on the manufacturing line, visited the Detroit area in February.  SkillReal uses off-the-shelf cameras installed on the production line to create an interactive and extremely accurate digital twin that identifies quality issues in real-time – allowing operators to make the proper adjustments as the product is being manufactured.  This avoids costly waste and production errors that might not be found until later in the process.  SkillReal braved the roads during the Detroit area’s heaviest snowstorm of the season to meet with potential customers GM and KUKA as well as ecosystem partners at the Centrepolis I4.0 Accelerator and Automation Alley.  SkillReal is making a second visit in early March to meet with investors and potential business development representatives in this area. 
SkillReal’s Nir Yaakobi takes a moment to enjoy the heavy snowfall during their February visit.
Every month we share just a couple of the many unique and exciting Israeli innovations we’ve connected with recently.This month, we are highlighting 2 different Israeli funds that we’ve connected with recently.  Both of these organizations have multiple innovative companies within their portfolio and both are actively searching for investors in the US. If you’re interested in connecting with these companies, please reach out to bernard@michiganisrael.comWellTech Ventures – Israel’s Leading Wellness-Focused VC FundWelltech Ventures is Israel’s leading fund focused exclusively on investing in the wellness and health space. They seek to partner with entrepreneurs who epitomize the Startup Nation’s ethos and are building paradigm-shattering companies that are making an impact in the wellness space. As thought leaders, they work with global investors focused on accessing and investing in the Israeli tech ecosystem’s most promising entrepreneurs. Their portfolio companies are examples of companies that have truly unique and disruptive innovations.  QurisAI uses artificial intelligence to better predict which drug candidates will safely work in humans, avoiding the tremendous costs of failed clinical trials. Behavidence develops highly accurate passive tools to evaluate the onset of mental health conditions.         WellTech would like to partner with investors to fund the most promising of the Startup Nation’s wellness startups to generate quality returns. NatureGrowthA Global Incubator for Agricultural Technologies NatureGrowth’s vision is to create and incubate companies that use technology to provide future generations with secure access to sufficient, nutritional fresh produce worldwide using affordable, ethical, and environmentally friendly methods. They are just completing construction of a cutting-edge innovation center in the city of Sderot, one hour South of Tel Aviv. The center will include the main offices and state-of-the-art labs for its new companies.  They have the backing of several Israeli universities and economic development organizations to help with research and identify deal flow.
MIBA’s webinar series: Experience Innovation will return Tuesday, March 28 at 9AM where we will highlight 5 Israeli technologies in the Ag Tech space.  This webinar is being co-sponsored by the Great Lakes Fruit, Vegetable, and Farm Market Expo, one of the Midwest’s largest agriculture trade shows.  We will showcase innovations in robotics, machinery, and processing that can help alleviate the labor shortages the industry is seeing across the board.  Join us by registering at the link below!
Register Here
The MIBA –Accelerating Michigan’s economic growth,one Israeli innovation at a time
The MIBA is committed to promoting the interests and vitality of the Michigan/Israeli business community. Your donation will help us further our mission by encouraging, sustainable opportunities that will support a THRIVING ecosystem in Michigan and Israel. Click on the arrow and DONATE today!
 
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