Deloitte opens Innovation Tech Terminal (ITT) in Tel Aviv to connect US and Global Organizations to Israeli Startups Focused on Disruptive Technologies

ITT drives growth and builds relationships through tours and scouting services in globally recognized innovation hub

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Nov 17, 2016, 08:00 ET

NEW YORK, Nov. 17, 2016 /PRNewswire/ -- To support enterprises looking to discover innovative ideas, technologies, and capabilities outside their own walls, Deloitte has launched the Innovation Tech Terminal (ITT) in Tel Aviv, Israel. Through immersion tours and scouting services, ITT helps U.S. and global clients access and leverage the Israeli innovation ecosystem, a leading global hub for innovation.

Israel is a leading¹ startup ecosystem outside the U.S., with approximately 6,000 startups in the country today. Many of these companies are focused on cyber, mobile, and blockchain technologies in the financial services industry, automotive and mobility solutions, digital health, the Internet of things, and sports technologies. Additionally, Israel is home to more than 300 research and development centers for global high-tech companies.

"Our large multinational clients are pursuing innovation and growth strategies and often turn to Deloitte to explore and grow their external innovation networks," said Jeff Schwartz, principal, Deloitte Consulting LLP. "Deloitte has a unique ability to scan and identify emerging technologies, trends, and startups and introduce clients to potential alliance partners based on relationships we have with innovative incubators, accelerators, venture capital firms, and think tanks across academia, industries, professional organizations and other businesses. The ITT allows us to expand the reach of that work by helping clients establish relationships in the fast-growing and highly innovative Israeli startup market."

"The ITT opens doors for multinational clients who wish to become part of the innovative technological hub that is Israel," said Amit Harel, director, Deloitte Israel. "Our dedicated team provides service offerings including scouting services and immersion tours to connect clients with startups that align with their business and strategic goals. Clients also visit with local and global venture capital firms and government officials as part of an immersion tour to better understand the environment and opportunities in Israel."

Clients will have the opportunity to meet with quality startups, entrepreneurs and stakeholders, and to experience disruptive technologies firsthand. For example, automotive company executives looking to protect their connected vehicles from hackers can experience a simulated hack — as they're driving — conducted by a cyber startup. They can then learn about emerging technologies to safeguard their products from such attacks.

Deloitte will maintain a dedicated core team of ITT professionals from Israel and the U.S. to work together in Tel Aviv to establish relationships with key ecosystem players, conduct research, build content and deliver solutions to clients.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world's most admired brands, including 80 percent of the Fortune 500. Our people work across more than 20 industry sectors to deliver measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society. For more information, visit Deloitte's U.S. website at: http://www2.deloitte.com/us/en.html.

About Deloitte Israel
Deloitte Israel is one of Israel's leading professional services firms, providing a wide range of world-class audit, tax, consulting, financial advisory and trust services. Through 100 partners and directors and over 1,000 employees, Deloitte Israel serves domestic and international clients, public institutions and promising fast-growing companies whose shares are traded on the Israeli, U.S. and European capital markets.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a U.K. private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Please see www.deloitte.com/about for a detailed description of DTTL and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

¹"The Global Startup Ecosystem Ranking 2015," Compass

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SOURCE Deloitte