Federal Minister Brigitte Zypries (4th left) pictured visiting the Mindspace startup in Tel Aviv.

Federal Minister Brigitte Zypries (4th left) pictured visiting the Mindspace startup in Tel Aviv.

© Bundesverband Deutsche Startups e.V.

Federal Minister for Economic Affairs and Energy Brigitte Zypries is heading up a delegation from the German Startups Association to Israel, where they will attend the ‘German Tel Aviv Week’ event. They will meet with numerous innovative startups and venture capital firms. Highlights will include visits to successful Israeli startups such as Mindspace and Argus Cyber Security.

Said Minister Zypries: “My visit to Tel Aviv, which is a hot spot for startups, is to highlight the importance of the startup scene for Germany and for Israel. As we digitise our industry, Israeli startups and their technical innovations – for instance in IT security – can be of major help for German companies. By the same token, Germany’s highly specialised SME and large companies and the access our country provides to the European Single Market open up major opportunities for startups from Israel. I am delighted that our efforts undertaken together with the Startups Association have paid off and that we have succeeded in creating GISEP, the German-Israeli Startup Exchange Program, which has proved to be a good platform for promoting contact between Israeli and German startups and facilitating their access to networks and contacts.”

On 1 November, Minister Zypries will also be participate in a festive event marking the 50th anniversary of the German-Israeli Chamber of Commerce. The chamber was quick to recognise the potential for German-Israeli cooperation on research and development for high tech applications, such as telecommunications or biotechnology, and made sure to bring companies from both countries together. It also works with Germany Trade and Invest (GTAI) on attracting investors to Germany. These efforts have already brought nine Israeli companies to Germany. Altogether, there are around 680 Israeli firms in Germany, providing 12,500 jobs.