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Filling the space: the Association of Manufacturers announced the establishment of the Space 5.0 project Israel today

2023-01-31T10:11:07.620Z


A big step for humanity - and for the industry: the new space industry will operate within the framework of the Israel High-Tech Association of the Association of Manufacturers • Its goal: to lead the development of the space industry in Israel as a significant industry


There is something to announce: according to estimates, there are currently about 60 space industry companies operating in Israel, most of them startups.

The space industry generates about a billion dollars in Israel, and in the coming decade this amount is expected to increase to 4 billion dollars.

Realizing the considerable potential that lies in the field, the Association of Industrialists headed by the president, Dr. Ron Tomer, announced yesterday the establishment of the space branch in the association, which will be called Space 5.0. Dr. Tomer announced the establishment of the space branch at the Ilan Ramon International Space Conference, Taking place as part of the Israel Space Week 2023 events, which is led by the Israel Space Agency in the Ministry of Innovation, Science and Technology.

The new branch will operate within the framework of the Israeli High-Tech Association of the Manufacturers' Association, and its main goal is to lead the development of the space industry in Israel as a significant, distinct and growing branch of the industry - while cooperating with the Israeli companies in the field, alongside international space factors.

Dr. Ron Tomer, President of the Manufacturers Association, photo: Yossi Aloni

Among other things, as part of the Space 5.0 activity, all the activities of the civilian space industry in the State of Israel will be concentrated, including help and assistance with grants for research and development, assistance in promoting new technologies, the establishment of dedicated technology incubators for the space industry, assistance and handling of regulatory difficulties in front of the government ministries and help in increasing the export of The space industry for existing and new markets.

Also, Space 5.0 will be a center of knowledge and enrichment in the field of space and the main address for any investor who wants to develop and integrate into the industry.

"A significant jumping off point"

Dr. Ron Tomer: "The new and growing field of activity, New Space Industries, is today at a significant jumping-off point all over the world.

There are already dozens of companies and ventures operating in Israel that deal with the growing new space industry, and it is expected that the circle will expand greatly in the coming years." Director of the Israel Space Agency in the Ministry of Innovation, Science and Technology, Uri Oron: "The decision of the Association of Manufacturers and its leader expresses a deep understanding of the potential in the field for Israel and industry Israeli high-tech".

Chairman and founder of the new space branch Space 5.0 and space activist, Hilik Shion: "Our goal is to turn the Association of Manufacturers, the 'Home of Industry', and the Israel High-Tech Association into the 'Home of the Civil Space Industry' in Israel, in close cooperation with the Space Agency the Israeli one".

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Source: israelhayom

All news articles on 2023-01-31

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