Entrepreneur incubator i4Valley, which focuses on i4.0, marked its one-year anniversary at a conference at the ORT Braude College of Engineering in Karmiel on Monday.
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Industry 4.0 is a term that represents an organizational concept for managing factories and industrial processes in a smart and modern way while integrating technologies such as: IoT, real-time information analysis, robotics, AI, and more. The Israeli government has identified the enormous economic potential of Industry 4.0, which is expected to add $25 billion to the state over the next five years.
i4Valley was established in Karmiel, with the aim of developing the high-tech industry in the Galilee and in Israel.
The conference was attended by: Karmiel Mayor Moshe Koninsky; Professor Arie Maharshak, President of the ORT Braude College of Engineering; Karina Rubinstein, Director of Business Development at the Israel Innovation Authority; Erel Margalit, Founder & Executive Chairman JVP and Margalit Startup City; Zuri Dabush , Chairman of Klil Industries; Sivan Yechieli, CEO of i4valley; Zvika Weinstock, CTO of i4valley; and other senior executives from the industry.
i4Valley CEO Sivan Yechieli said at the conference: "The technology incubator, which is the first technological investment center of its kind in Israel of Industry 4.0, creates great value for the Galilee and industry in the State of Israel. It is leading to an increase in the number of high-tech companies and leveraging innovation, entrepreneurship and human capital in the field."
