Article By: Abigail Klein Leichman, Israel21c
Date Published: December 31, 2024
Ashdod Port launches tech hub to find supply-chain solutions
Global shipping has been plagued with problems that started during the Covid pandemic and got worse with the Houthi attacks on vessels passing through the Middle East.
Slowdowns, spiraling costs and logistical difficulties have all put kinks in the supply chain, and this is bad for businesses and consumers across the world.
That’s why economic attachés from more than 40 countries came to the Port of Ashdod, southern Israel, in early December for the inauguration of a new maritime technology hub for startups specializing in supply-chain solutions.
The Ashdod Port Company has already supported some 100 startups since 2021, including in operations, logistics, cybersecurity and safety. Some of these technologies are already in operation at the Port of Ashdod as well as ports in locations such as Barcelona and New Jersey.
According to a government decision, Ashdod Port Company may invest up to $55 million in the companies. It has so far made equity investments of some $3 million in five startups: Makalu Optics, Treedis, FLYZ Robotics, Spinframe, and Salvador Technologies.
Salvador Technologies is led by Executive Chairman Azi Cohen, a Technion alumnus.
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