Construction Innovation Zone initiative aims to infuse real-estate development and construction with Israeli-style startup innovation.
As reported in Israel21C:
The Israeli launch of the world’s first construction-tech hub aims to provide construction companies and real-estate developers everywhere access to disruptive high-tech innovation.
Announced on April 27, the Construction Innovation Zone is a unique joint project of the Israel Builders Association, the Tel Aviv-based SOSA platform for global startup ecosystems, the Israeli Construction and Housing Ministry and the Israeli Economy Ministry.
“The state of Israel has proven itself as a leader in the world of high-tech and innovation, changing the way we communicate, the way we drive and now the way we build,” said Minister of Construction and Housing Yoav Gallant at the launch held at SOSA, where the hub will be based.
Software and hardware solutions for the actual building process — as well as planning, managing and financing construction projects — are included under the new construction-tech umbrella.
Examples of Israeli companies that already offer high-tech products for construction include Dronomy of Tel Aviv and Beyon3D of Herzliya.
Although many of the companies in Israel’s construction tech ecosystem will be local, there are also opportunities for international players.