Season 3, Post 43: Tales from tech city

Your author is back from a brief visit of little more than 48 hours to Tel Aviv. While the purpose of the trip was to meet with investors, it was still a great…

Season 3, Post 43: Tales from tech city

Your author is back from a brief visit of little more than 48 hours to Tel Aviv. While the purpose of the trip was to meet with investors, it was still a great opportunity to take the pulse of one of the most dynamic cities in the world (not to mention the chance to enjoy some 30-degree sun in November). Despite the ongoing presence of the coronavirus pandemic, Tel Aviv was buzzing with energy, with the city very much open for business.

Most readers will be familiar with the enduring start-up culture in Tel Aviv that has spawned companies from Waze (navigation solutions) to Lemonade (AI-driven insurance products) – and many more. Some of Israel’s success can be put down to the Yozma Programme (Hebrew for ‘initiative’) inaugurated by the Israeli government in the early 1990s, which offered tax incentives for start-ups much earlier than many other nations. In addition, there is strong academic support, as well as a general culture of entrepreneurialism. Around 10% of all Israeli employees work in the tech sector, which is responsible for c15% of the country’s GDP (see here).

While there was sadly no time on this trip to meet with any companies, two of the areas where we have been most impressed with recent Israeli innovation would be within food tech and battery technologies. Begin with the former. We wrote recently that the world needs to come up with more alternative sources of protein in order to feed a growing population. Israel has been in the vanguard in this respect. Take The Chicken, which has developed what it calls “a sustainable restaurant experience” via the pioneering of SuperMeat. It claims to be the world’s first test kitchen which serves a menu of dishes developed from cultivated chicken, which is grown directly from chicken cells. If this doesn’t whet your palate, then Redefine Meat (“the future is here” per the company’s website) offers a broad swathe of plant-based meat products that are 3D-printed.

From fast food to fast cars. We all know that the future is electric, but when drivers are polled, one of their regular gripes is the charging time for electric vehicle batteries (the other is typically range anxiety). Look no further than Store Dot, an Israel start-up founded in 2012. It claims to be able to solve both these issues with its proprietary battery technology. When combined with nano-materials and data science (to optimise how the charging is done), Store Dot believes batteries can be fully charged in minutes. The business has over 60 granted patents with a further 30 pending. NASA is even testing the technology on its International Space Station in order to understand its properties further. Exciting times in Israel. Your author hopes to be back very soon!

10 November 2021

​​​​​​​​​​The above does not constitute investment advice and is the sole opinion of the author at the time of publication. The author of this piece has no personal direct investment in the business. Past performance is no guide to future performance and the value of investments and income from them can fall as well as rise.

Alex Gunz, Fund Manager​​​​​​​​​​​​​​​​​​​​​


The document is provided for information purposes only and does not constitute investment advice or any recommendation to buy, or sell or otherwise transact in any investments. The document is not intended to be construed as investment research. The contents of this document are based upon sources of information which Heptagon Capital LLP believes to be reliable. However, except to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to the accuracy or completeness of this document or its contents and, Heptagon Capital LLP, its affiliate companies and its members, officers, employees, agents and advisors do not accept any liability or responsibility in respect of the information or any views expressed herein. Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. Where this document provides forward-looking statements which are based on relevant reports, current opinions, expectations and projections, actual results could differ materially from those anticipated in such statements. All opinions and estimates included in the document are subject to change without notice and Heptagon Capital LLP is under no obligation to update or revise information contained in the document. Furthermore, Heptagon Capital LLP disclaims any liability for any loss, damage, costs or expenses (including direct, indirect, special and consequential) howsoever arising which any person may suffer or incur as a result of viewing or utilising any information included in this document. 

The document is protected by copyright. The use of any trademarks and logos displayed in the document without Heptagon Capital LLP's prior written consent is strictly prohibited. Information in the document must not be published or redistributed without Heptagon Capital LLP's prior written consent. 

Heptagon Capital LLP, 63 Brook Street, Mayfair, London W1K 4HS
tel +44 20 7070 1800
fax +44 20 7070 1881
email [email protected] 

Partnership No: OC307355 Registered in England and Wales Authorised & Regulated by the Financial Conduct Authority 

Related Insights

Featured Insights
Featured Insights24 November 2021

Season 3, Post 45: Ten top trivia titbits

Late November marks the time of the year when most commentators – your author included – pen their annual outlook pieces. We have been thinking and writing about the future for the last decade and this week saw the release of our tenth annual outlook piece (for interested parties, our very first one can be […]

Learn more
Featured Insights
Featured Insights17 November 2021

Season 3, Post 44: Riding the NFT wave

Ask most people about Japanese art and their first answer would likely be Hokusai, a prolific early 19th Century painter, most famous for the “The Great Wave”. If you’re lucky enough to live in London, then visit – as your author did recently – the British Museum (BM) for an exhibition of some of Hokusai’s […]

Learn more
Featured Insights
Featured Insights04 November 2021

Season 3, Post 42: Warehouses for the future

You don’t have to look very hard to find an industry executive mentioning the term ‘supply chain.’ Indeed, during the first two weeks of October, the expression cropped up some 3,000 times on earnings calls hosted by S&P 500 companies. The problem – put simply – is that “the old ways worked until they didn’t”, […]

Learn more

Get The Updates

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right


Sign up to our monthly email newsletter for the latest fund updates, webcasts and insights.