In Israel, known as the "Silicon Valley of the Middle East," a business forum was held to strengthen the relationship between Japan and local companies, and a major telecommunications company in Japan and a local startup with strengths in AI and other technologies decided to consider collaboration.
On the 4th in Tel Aviv, Israel's largest commercial city, a business forum was held by the two governments to expand collaboration between Japan and Israeli companies, and about 250 people from the business communities of both countries attended.
In the presence of Minister of Economy, Trade and Industry Nishimura and Israeli Minister of Economy, Trade and Industry Barcat, the NTT Group and local start-up companies exchanged memoranda for future collaboration.
This startup company has strengths in technology that combines the virtual space "metaverse" on the Internet and interactive generative AI, and will jointly consider new services in the future.
After the signing ceremony, Noah Asher, CEO of NTT's local subsidiary, said, "We believe in the value of the technology of Israeli startups, which are at the forefront of the world, and we will continue to consider using them in various products and services."
Israel, which is also known as the "Silicon Valley of the Middle East" with a large concentration of start-up companies, has about 90 Japan companies operating in search of new business opportunities, and the Ministry of Economy, Trade and Industry (METI) plans to improve the investment environment between the two countries.
Minister of Economy, Trade and Industry Nishimura "Leading the world in innovation in both countries"
Minister of Economy, Trade and Industry Nishimura, who attended the business forum, stated, "The 250 participants from both countries are an expression of strong expectations from both sides for strengthening relations.