Israel NewTech is a national program aimed at promoting Israel’s water and sustainable energy sectors. The Israel NewTech program was founded on the belief that the water and sustainable energy sectors have the potential to be strong growth industries for the country, and play an important role in meeting the world’s rising needs.
This pioneering national program is led by the Ministry of Industry, Trade and Labor, and is supported by a number of additional government agencies. Israel NewTech helps to advance the water and sustainable energy sectors by supporting academia and research, encouraging implementation in the local market, and by helping Israeli companies succeed in the international arena.
Israel NewTech launched its first program in 2006. Focused on Israel's water technologies industry, the program promotes Israel's water technologies in both the local and global arenas, by supporting research and development efforts, partaking in relevant industry events and giving the sector the marketing tools which can serve it best. The Israeli government has allotted vast resources to the program as means of bolstering Israel's water-tech cluster.
Recognizing the success of the water program and the strategic importance of sustainable energy technologies, Israel NewTech launched a second program in 2008, this time focusing on the renewable energy sector. The program encourages Israeli companies and individuals to enter and invest in the field, as well as form relations with potential overseas partners. The objective of the program is to promote Israel's renewable energy technologies in both the local and global arenas.