Minister Zypries meets with Israeli ambassador Hadas-Handelsman

© BMWi/Susanne Eriksson

On 27 April 2017, Economic Affairs Minister Brigitte Zypries met with ambassador Yakov Hadas-Handelsman. Talks centred on how to strengthen German-Israeli economic relations.

Said Minister Zypries: "Germany and Israel have long been strong partners to each other, not just in the economic sphere. I am delighted that German and Israeli companies are increasingly engaging in strong cooperation, particularly those creating high-tech products and services. This is notably the case with young startups working in cyber security, big data analysis and mobility. We support the formation of lasting German-Israeli startup networks, not least through our German-Israeli Startup Echange Program."

Germany is Israel's number-one trading economic partner in the European Union. Last year, the two countries' bilateral trade volume totalled €5.8 billion. There are some 350 Israeli companies providing close to 8,000 jobs in Germany.

The German Israeli Startup Exchange Program (GISEP) is a platform that seeks to encourage the formation of lasting networks between German and Israeli startups. Under the programme, startups receive information and are able to make new contacts.

In 2015, Israel became Germany's first partnering country under the EXIST Start-up Germany programme, which had hitherto been a national initiative providing funding for startups in Germany. Now, Israeli startup entrepreneurs can also use the programme and gain access to funding in Germany.

Beyond this, German and Israeli companies are also cooperating under the Central Innovation Programme for SMEs (ZIM). Since 2010, 26 German-Israeli projects undertaken by a total of 45