Israel firms look for global growth

PUBLISHED : Tuesday, 18 November, 1997, 12:00am
UPDATED : Tuesday, 18 November, 1997, 12:00am

Israeli hi-tech start-ups are growing at a fast rate but they need help reaching global markets, Edgar Fulton, commercial counsellor at the United States Embassy in Tel Aviv, says.

'One thing driving relations between Israel and the US companies is that while Israel has been growing in leaps and bounds to come up with new technologies, its ability to take to global markets is not as strong as others,' he said.

There are at least 2,000 hi-tech ventures in Israel, and about 1,000 start-ups founded each year, Mr Fulton said.

Mr Fulton said Israeli and US hi-tech firms and investment banks will be matched at Investech, an investment and technology exhibition scheduled for May in Washington.