The BMW Group is to open a Technology Office in Israel, following Tel Aviv’s startup boom.
BMW has been collaborating with Israeli firms from various technology fields for a number of years now, so this latest announcement is no surprise.
“Tel Aviv has one of the fastest growing startup scenes in the world – especially in the important future fields for us such as autonomous driving or connectivity”, explained Klaus Fröhlich, Member of the Board of Management of BMW AG, Development. “By establishing a presence in Tel Aviv, we will secure even faster access to the relevant trends and technologies, be it with startups or universities.” The BMW Group Technology Office in Tel Aviv is due to open in Israel’s technology hotspot midway through 2019.
A small, agile team consisting of experts from various disciplines will network intensively with local startups, evaluate and drive forward relevant trends, technologies and innovations. BMW will also seek to set up joint research projects with universities in the region.
In response to the announcement, the Israeli Minister of Economy and Industry, Eli Cohen, said: “The mobility and smart transportation sector is one of the fastest growing in the world. The opening of the BMW Group Technology Office in Israel is a vote of confidence in the Israeli innovative companies and ecosystem.” Cohen added, “It is yet another proof that in this new era of the automotive industry, with the strong focus on innovative technologies, the state of Israel can and does play a key role.”
In addition to the existing Technology Offices in the US, China, Japan and South Korea, the Technology Office in Tel Aviv will be the fifth of its kind within the global R&D network of the BMW Group.