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Doing business in Israel - April Edition

Doing business in Israel - April Edition

The story of Syqe Medical

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Doing business in Israel

The story of Syqe Medical offers a glimpse into the journey of
the burgeoning cannabis-tech industry in Israel. With more
than 70 active cannabis-tech companies, Israel is seen as a
pioneer and a leader in the global “green rush” for medical
cannabis technologies. Syqe Medical is the brainchild of
its CEO Perry Davidson, who started pursuing his vision
in this filed when he was only 26 years old. Davidson tells
us in an interview about the revolutionary cannabis inhaler
that turned Syqe into the world’s first medical cannabis
company to sign a distribution agreement with a major
global pharmaceutical company.

Other features in this edition include an update about
another multi-billion exit by an Israeli company (Orbotech)
and a look into a new technology that predicts car accidents,
developed by Scientists at Bar Ilan University and tested
by the Israeli police. For dessert, our cultural bite section
presents the very much off-the-beaten-track Salad Trail
tours in the Negev Desert.

In the last 70 years, which would soon be celebrated in
Israel, innovation and technology have become a major
component in the national DNA. But you might be surprised
to know some other fun facts about this country: It has the
highest number of museums, orchestras and computers
per capita in the world; Only Tokyo and New York City
surpass Tel Aviv’s sushi consumption per capita and you
even can get hummus-flavored ice cream in Jaffa!

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© 2018 KPMG Somekh Chaikin, the Israel limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.

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