Israeli startups HeraMed, which makes a home fetal-monitoring system and Power Tags, which has created disposable wearable devices to allow real-time tracking of people and assets, are among the companies that will be pitching their technologies to Japanese customers and investors this week.
A delegation of 11 Israeli companies from the field of the Internet of Things will be part of an investors’ roadshow that will take place in Tokyo and Osaka. More than 200 meetings have been set up for the startups, including with Japanese conglomerates Fujitsu, NEC and Hitachi, the Israel Innovation Authority, which is leading the delegation, said.
The Internet of Things refers to the technologies that make physical objects communicate and interact with people and other objects and exchange or collect information once they are fitted with electronic devices or sensors or via software.
There are some 330 startups in Israel in the field of the Internet of Things (IOT) — one in 20 of all startups in Israel — ranging in size from seed stages to revenue generating companies, the authority said.
“The field of IOT is one of the most coveted fields in the global startup industry, expected to comprise 20-30 billion devices by 2020,” Avi Hasson, the chairman of the Israel Innovation Authority, said. “This is one of the fastest-growing fields in recent years, with funding and investment in such companies having doubled over the past five years, from $768 million in 2010 to more than $1.9 billion in 2014”.
Israel and Japan signed an R&D cooperation accord in 2014 that aims to boost cooperation on industrial R&D between Israeli and Japanese companies and to tighten business ties. The agreement is a platform for bilateral government funding of joint R&D projects between companies from both countries, the authority said.