Governor Cuomo Announces Sweeping Series of Economic Development Partnerships Between New York and Israel

As a Result of Solidarity Trip Last Week, Partnerships to Focus on UAV/Drones, Transportation, Energy, Cyber Security, Financial Technology and Health Care Technology and Research

17 Israeli Entities Will Work with Six New York State Agencies and Other Partners to Bolster Innovation and Economic Ties Between the Two States

Governor Andrew M. Cuomo today announced a wide ranging series of economic development partnerships between New York State and Israel that are the result of the Governor’s recent trip to Israel. The administration and several major New York health care institutions have signed a series of agreements with Israeli entities in the UAV/drones, transportation, energy, cyber security, financial technology and health care industries.

“Our economy is stronger than it’s ever been and our message during this trip was simple: New York is open for business,” Governor Cuomo said. “On our solidarity trip, we focused on key areas that present real opportunities for collaboration with Israeli companies because when Israeli startups choose New York, there is tremendous potential for growth for both economies. I am confident the initiatives announced today will build on the current partnerships that exist between businesses in New York and Israel, and bring our people even closer together.”

“We have worked to ensure New York maintains a strong relationship with Israel, and these latest initiatives will further our shared economic progress,” said Lieutenant Governor Kathy Hochul. “The collaboration between our agencies will foster innovative ideas to grow key segments of our economy, ensuring an even brighter future for the people of New York and Israel.”

These announcements build on the agreement signed last week between Empire State Development and the Israel Innovation Authority for a $2 million partnership that will further strengthen economic development ties between New York and Israel. The agreement includes cooperation on the co-development and commercialization of innovative solutions in the fields of cyber security, supply chain, smart cities, energy, unmanned aerial vehicles, life sciences and other areas. As part of the agreement, New York and Israel will establish a Smart Cities Innovation Partnership, a new initiative that will share innovative technologies, research, talent and business resources between cities in New York and Israel. The Governor also announced that New York’s Hot Spot and Incubator programs will now implement a new focus on Israeli companies who want to invest in the Empire State.

Among the many strides and agreements made during this week’s trip, the Governor is announcing several collaborations for economic development in the following sectors:

Three Israeli Companies Locating at Unmanned Aircraft Center of Excellence in the Mohawk Valley

New York-Israel Partnership to create UAS Center of Excellence: Empire State Development will provide a $250,000 planning grant to establish a new Unmanned Aerial Systems Research and Testing Center of Excellence in New York State. It will be led by the NUAIR Alliance, an organizational partner of CenterState CEO. The organizations are strategically aligned in their efforts to build public and private partnerships to advance leading edge UAS and UAS traffic management technologies, and create a hub for the industry that will attract investments and business development.

New York and Israeli companies will use the new Center of Excellence to focus on advancing technologies, which will bring Israeli technology and R&D to the New York drone market and open Israeli’s markets to New York State UAS companies. Three Israeli tenant companies – Vorpal, Flytrex and CivDrone – have already committed to working with NUAIR and utilizing this new Center of Excellence. This week, the parachute system equipped on Flytrex’s package delivery drones was validated as compliant with industry standards for parachutes, after testing completed by NUAIR at the New York UAS Test Site at Griffiss International Airport in Rome, New York.

UAS Company Civdrone to Host Demonstration Day as Part of Further New York State Expansion: Civdrone’s success in the GENIUS NY program has stimulated investment interest that will allow the company to expand even further in New York State than previously planned. Civdrone CEO Tom Yeshurun will tour the state to select an appropriate construction site to stage a demonstration day for contractors and civil engineering firms, as one of the most important applications envisioned for the Civdrone UAS product is to assist in coordinating physical construction with its blueprint design. The Demonstration Day will take place in mid-August. Civdrone develops fast, reliable and autonomous marking solutions on enterprise drones for the construction industry. Digitalizing and automating land surveying services increases productivity and shortens construction time while lowering costs.

(Excerpt from source: New York State Governor Andrew M. Cuomo Press Release)