Israel will host the world's largest industrial innovation week to discuss machine communication

On February 24-27, Israel will host the world's largest industrial innovation week, the "II4.0" Conference - led by "Start-Up Nation Central" (SNC), Grove's venture capital fund and international consulting firm Deloitte. The conference will discuss machine communication issues, secure production lines and 3D printing and will present lectures, forums and professional panels led by industry executives. Significant international companies are expected to announce new activities to take place in Israel, as well as new collaborations with Israeli companies and startups. Yariv Lotan, SNC's Director of Sector Development: "The conference proves once again that Israel continues to establish its status as a startup nation in the field of industrial innovation as well." CEO of Innovation Division at Schneider Electric: "Israel has the highest concentration of knowledge and technologies in the 4.0 industry in the world."
The Industry Innovation II4.0 "Day" will be held on February 25, at the Expo complex in Tel Aviv and will bring together the Israeli 4.0 industry and industry giants from the world such as Rockwell Automation, Siemens, Schneider Electric, AB InBev, Honda Engineering, Dow Chemicals, ABB and more. In addition to the giant corporations that will be appearing at the conference, throughout the week, more than 250 leading Israeli startups in the 4.0 industry in Israel will be exposed on the conference island.
As is well known, the term "Industry 4.0" refers to the fourth industrial revolution currently taking place around the world, based on a new organizational concept for smart enterprise management, with heavy industrial machines on the production floor communicating over the Internet (Industrial Internet of Things). In Israel alone, the industry has seen a 70% increase in recent years, with only 146 start-ups operating in the 4.0 industry in 2014, and there are currently 260 active companies. In addition, these years saw a growth of no less than 480% in fundraising, from $ 112 million a year to $ 650 million. As of 2019, 6% of the global funding of VC funds has been invested in industry 4.0 companies.
The conference, held in collaboration between "SNC" (Start-Up Nation Central) and Grove's venture capital fund and international consulting firm Deloitte, coordinates all of the activity in the field of Industry 4.0 in Israel, technologies and companies and presents in one place the field of development in Israel throughout the past year. The conference will also include start-ups (companies) that will present their developments from worlds of machine maintenance forecasting, digital security to production lines, laser sensors, remote monitoring, automation, "future plant" technology solutions and other areas that increase plant production efficiency. Among the highlights during the conference will be lectures, workshops, forums, and professional panels to be led by industry executives, work meetings, the Hackathon, industry tour and more. In addition to these, two targeted events will be held later this week in the 4.0 industry in construction, energy and shipping.
During the conference, major international companies are expected to unveil the new activities they are expected to hold in Israel, as well as announce new collaborations with Israeli companies and startups. Companies that are expected to announce new operations in Israel include ABB, the Swiss industrial technology giant, which operates in more than 100 countries and has 150,000 employees, and Schneider Electric, the French company for products in the field of manufacturing, transmission and power supply systems, which owns An annual turnover of over $ 25 billion. Schneider Electric's Innovation Division CEO, Emmanuel Legrig, said: "Israel has the highest concentration of knowledge and technologies in the 4.0 industry in the world. As a company looking to continue leading the field, Schneider Electric is looking to create long-term growth partnerships in Israel. "
Yariv Lotan, SNC's Director of Sector Development: "The response from senior industry executives and the number of start-ups participating in the conference is evidence that Israel's reputation as an innovator in cyber, automation and digital health is expected to apply to the 4.0 industry in the near future. Very much in the 4.0 industry ecosystem in Israel and these are expected to produce the future of innovation in future enterprises. "
"SNC" (Start-Up Nation Central) is a non-profit organization that builds bridges for Israeli innovation. The organization connects senior business and public sectors around the world to Israeli innovation with the goal of developing high-growth technology sectors. The organization helps underrepresented populations enter the technology industry while gaining knowledge and insight into the field of innovation in Israel.