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UK Israel Tech Hub's partnership creating potential value of £800 mn

Tech partnership between UK and Israel helped to boost UK economy by potentially £800 million.


Government Press Release Last Updated at 14-06-2018 00:23:51 IST Israel, United Kingdom
UK Israel Tech Hub's partnership creating potential value of £800 mn
  • The UK Israel Tech Hub, based in the British Embassy in Israel, connects businesses in both countries. (Image Credit: Twitter)

A world first tech partnership between the UK and Israel has been so successful that it has helped to boost the UK economy by potentially £800 million since it was launched in 2011.

The UK Israel Tech Hub, based in the British Embassy in Israel, connects businesses in both countries. It has enabled British companies to access Israel's world-leading innovations, and at the same time has helped Israeli companies go global by partnering with UK firms.

So far the hub has led to 175 tech partnerships in deals worth £85 million according to a new report on its impact. The last year has seen more UK organizations using cutting-edge technologies in their business in areas including Artificial Intelligence, chatbots, blockchain and Internet of Things (IoT) and in projects such as smart cities and smart industries.

COUNTRY :
Israel United Kingdom

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